Microsoft Acquires Skype for $8.5 Billion

Microsoft Corp announced today that it has agreed to purchase Skype Technologies for $8.5 billion in cash. Follow the link below for more details.

Microsoft will no doubt begin making Skype telephone and video conferencing technologies an integral part of the Microsoft Office suite in the near future. The synergies between existing Microsoft and Skype technolgoies are obvious.

Source: Das, A & Wingfield, N (2011, May 10), Microsoft Seals Deal to Acquire Skype, Wall Street Journal Online.