Microsoft Buys Skype for $8.5 Billion
Microsoft today announced its intent to acquire Skype for $8.5 billion in cash, pending approval from the boards of both companies. Microsoft will use Skype to increase the capabilities of its products' real-time voice and video communications tools. Skype will support Microsoft devices like Xbox and Kinect, Windows Phone, and Microsoft will connect Skype users with Lync, Outlook, Xbox Live, etc. Microsoft said it will continue to invest in and support Skype clients on non-Microsoft platforms. Skype will become its own division within Microsoft, headed by current CEO Tony Bates. Skype maks video/voice chatting software for a number of mobile platforms, such as Android and iOS.
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