Microsoft to Acquire Skype

by Mick

In a recent press release, Microsoft announce that they have entered into an agreement to purchase Skype for $8.5 billion in cash.

https://www.microsoft.com/Presspass/press/2011/may11/05-10CorpNewsPR.mspx

The Press Release mentions that Skype will support Microsoft devices like Xbox and Kinect, Windows Phone and a wide array of Windows devices, and Microsoft will connect Skype users with Lync, Outlook, Xbox Live and other communities. Microsoft will continue to invest in and support Skype clients on non-Microsoft platforms.

Skype will become a new division within Microsoft, the Microsoft Skype Division, and be run by Tony Bates the current CEO of Skype.

A transcript of the Press conference held by Steve Ballmer, CEO of Microsoft, and Tony Bates, CEO of Skype, is available at

https://www.microsoft.com/presspass/exec/steve/2011/05-10Skype.mspx