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Tuesday, May 10, 2011

Microsoft Finally Buys Skype For $8.5 Billion

Earlier today we told you that Microsoft were planning on buying Skype, and Microsoft has now officially confirmed the acquistion of Skype, in a deal which is worth $8.5 billion.
Microsoft announced the deal on their web site, which says that the deal is worth $8.5 billion in cash, and this includes taking on Skype's debts, the deal has been approved by both the board of Microsoft and the board of Skype.

Microsoft CEO Steve Ballmer
"Skpye is a phenomenal service that is loved by millions of people around the world. Together we will create the future of real-time communications so people can easily stay connected to family, friends, clients and colleagues anywhere in the world".
Skype were expected to file for an IPO later this year, but this was delayed as there were rumors that both Google and Facebook were looking to buy Skype, and it came as a surprise to many people that Microsoft would be acquiring them.
Tony Bates said:
"Microsoft and Skype share the vision of bringing software innovation and product to our customers. Together, we will be able to accelerate Skype's plans to extend our global community and introduce new ways for everyone to communicate and collaborate"
The deal is good news for both Microsoft and Skype. Microsoft obviously wanted to make sure that Google did not get their hands on Skype, and it will be interesting to see what their plans are for Skype in the future.
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