Microsoft has acquired Skype for $8.5 billion. Skype is well know for the internet calling features now popular in many countries around the world. Microsoft announced in May that the two companies were working on an agreement.
Skype CEO Tony Bates stated, ““By bringing together the best of Microsoft and the best of Skype, we are committed to empowering consumers and businesses around the globe to connect in new ways.”
Skype had originally been bought by E-Bay back in 2005 for $2.6 billion. Two years after selling off most of the company to private equity owners in 2009, Microsoft started working on a deal to acquire the company. Some markets have not fully accepted this deal This acquisition will remain under review in a few countries.
Source [Huffington Post]
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