Microsoft buys Skype for $8.5 billion

Microsoft today officially announce that will acquire the Internet communications company Skype for $8.5 billion in cash and the deal is expected to be closed by the end of this year.

The Skype acquisition will give Microsoft “significant new business and revenue opportunities.”

Later this year Skype will become a new business division within Microsoft, and Skype CEO Tony Bates will assume the title of president of the Microsoft Skype Division. As you might expect Skype will support Microsoft devices like Xbox and Kinect, Windows Phone and other Windows devices, also we will see implementation in Lync, Outlook, Xbox Live and other communities, as well as Microsoft promises that will continue to invest in and support Skype clients on non-Microsoft platforms.

“Skype is a phenomenal service that is loved by millions of people around the world,” said Microsoft CEO Steve Ballmer. “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 as a company was founded in 2003 by the Swedish entrepreneur Niklas Zennström and Dane Janus Friis. Then was acquired by eBay in September 2005 and again acquired by an investment group led by Silver Lake in November 2009 for about $2.75b. Now Microsoft will pay almost triple the price to the investor group led by Silver Lake, which also includes  eBay International AG, CPP Investment Board, Joltid Limited in partnership with Europlay Capital Advisors; and Andreessen Horowitz.

Source: Microsoft

Related posts

Fujitsu offers 23 PFlops supercomputer

Fujitsu has unveiled a new supercomputer that it claims if scaled to the top it could become the fastest supercomputer on the planet. According to Fujitsu the computer, called PRIMEHPC FX10, is capable of achieving 23.2 PFlops. To do so it must be configured with a total of 1024 racks...

Kingston Ships 12GB HyperX Kits for Intel Core i7, X58 Platforms

Kingston Technology Company, Inc., the independent world leader in memory products, today announced it is adding 12GB triple-channel HyperX® memory kits in support of Intel’s LGA1366 Core i7™ systems. The DDR3 XMP-ready kit consists of six 2GB modules running at 1600MHz and 1.65 volts. The...

What’s New With Virgin Games

What's New With Virgin Games

2014 was the year of the re-brand. Virgin Games, a gaming outfit owned and developed by Gamesys - not to be confused with Virgin Gaming, on whom we have run stories previously - has been altering its services and style for quite a while now, and the results are promising, the re-branding causing...

Leave a comment