Thursday, October 27, 2011

Microsoft acquires Skype


Software giant Microsoft has bought Internet communications company Skype for $8.5 billion in its largest ever acquisition deal, Microsoft said.

"Skype is a phenomenal product and brand that is loved by hundreds of millions of people around the world. We look forward to working with the Skype team to create new ways for people to stay connected to family, friends, clients and colleagues - anytime, anywhere," Microsoft CEO Steve Ballmer was quoted in a statement as saying.

Skype CEO Tony Bates will head the Skype Division in Microsoft.

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