Tuesday, May 10, 2011

Microsoft Buys Skype

Redmond-based Microsoft announced this morning that it has acquired voice over IP service Skype. The deal is worth $8.5 billion in cash. Microsoft is acquiring Skype from an investor group led by Silver Lake, including eBay International AG, CPP Investment Board, Joltid Limited, Europlay Capital Advisors, and Andreessen Horowitz. Microsoft said that Skype will become a new business division within Microsoft, headed by current Skype CEO Tony Bates.