Microsoft confirms Skype takeover

Microsoft confirms Skype takeoverMicrosoft confirmed the news today that it has agreed to buy internet phone service Skype.

This will be the the company’s largest acquisition, costing the Windows maker a massive¬†$8.5bn (¬£5.2bn).

Skype is one of the world’s most popular software applications for making voice calls and chat over the Internet. With a staggering 663 million users globally, the potential for advertising revenue is enormous; although it’s still unclear as to what Microsoft has planned after the takeover.

Skype CEO Tony Bates announced the news today over on the Skype blog:

The combination of Skype and Microsoft will directly benefit all of you who use Skype by ushering in a new era of generative ways for everyone to communicate.

Once the acquisition is complete, Skype will operate as a new business division of Microsoft, and I look forward to working with the team as president of Microsoft Skype to write the next chapter of the Skype story. Onwards!

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