vacancies advertise contact news tip The Vault
facebook rss twitter

Microsoft seals Skype deal for $8.5 billion

by Steven Williamson on 14 October 2011, 09:34

Tags: Microsoft (NASDAQ:MSFT), Skype

Quick Link:

Add to My Vault: x

Microsoft has officially confirmed the acquisition of Skype in a deal worth $8.5 billion.

From immediate effect, Skype CEO Tony Bates will step into the role of president of Microsoft’s Skype Division and will help roll out the communications service across an array of Microsoft products.

Tony Bates “committed to empowering consumers”

On the official Microsoft blog, Bates, who will report directly to Microsoft CEO Steve Ballmer, outlined the company’s direction:

“Microsoft is committed to the ubiquity of the Skype experience – communication across every device and every platform will remain a primary focus. And we’ve only scratched the surface. We’re at the starting line of integrating world-class talent, innovative technologies and products. By bringing together the best of Microsoft and the best of Skype, we’ll deliver amazing new experiences for consumers and business around the world.”

Skype is currently used by millions of people for making low cost and free phone calls over the internet via their smartphones and computers. Microsoft has assured Skype users that their current service will not be affected.

Read the official press release for in-depth information on Microsoft’s acquisition of Skype.

HEXUS Forums :: 5 Comments

Login with Forum Account

Don't have an account? Register today!
“Microsoft has assured Skype users that their current service will not be affected” For now!
Was it really worth THAT much?
No wonder Tony Bates is smiling…all the way to the bank.
Wow that's a lotta cash! But if we're heading towards voip as standard over 4G (however long that'll take…) imagine the revenue from patents MS now has a hold of ££££!

$8.5 billion… just completely unfathomable… I hesitate every time I spend more than £20! :S