Tuesday, May 10, 2011

Microsoft buys Skype for $8 billion (cash)

Following the latest strategy of buying dominant competitors, Microsoft reached a deal with Skype, paying $8 billion in cash.  The acquisition gives an instant boost to Microsoft's new Lync unified communications platform, as well as its Outlook platform, and the Xbox, Kinect, and Xbox Live consumer products.
Microsoft pledged to continue to develop and support Skype clients on non-Microsoft operating systems, stressing, in Steve Ballmer's words, that "the value proposition of communication is being able to reach everybody, whether they happen to be on your device or not."

Source: "Microsoft To Buy Skype For $8.5 Billion,"  Information Week

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