Microsoft buys Skype for $8.5 billion

In its largest acquisition ever and the tech world's most massive deal in years, Microsoft Corp. is buying Internet communications company Skype Global for a stunning $8.5 billion.

"The combination will extend Skype's world-class brand and the reach of its networked platform, while enhancing Microsoft's existing portfolio of real-time communications products and services," the companies said in a statement.

Previously, Microsoft's biggest buy was $6 billion for online advertising firm aQuantive in 2007.

Skype's software allows users to talk for free online using messaging, voice and video and can also connect them to a land line or mobile phone for a fee. Users will now be able to connect to Microsoft offerings such as Lync, Outlook and Xbox Live, while Skype will support devices such as Xbox and Kinect, the companies said.

Read Full Article from Los Angeles Times

- Posted: 2011-05-10 11:19:46

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