Microsoft to buy Skype for $8.5 billion

Microsoft to buy Skype for $8.5 billion: As per announcement by Microsoft on Tuesday that it would buy Skype Global for $8.5 billion in cash, in its largest acquisition ever. In its biggest deal ever in cash for $8.5 billion Microsoft Corp agreed to buy Internet phone service Skype for $8.5 billion in cash. The biggest reason for Microsoft to buy Skype is Windows Phone 7 (Mobile OS) and Nokia.

In Skype, Microsoft is buying the leader in Internet voice and video communications, with 107 million users per month connected for more than 100 minutes a month on average. That large and active user base represents a major asset, Steven A. Ballmer, Microsoft's chief executive, said in an interview. "It's an amazing customer imprint," Mr. Ballmer said. "And Skype is a verb, as they say."

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