Microsoft buys Skype for $8.5 Billion

Added on: 2011-05-10 07:50:14 by: Emanuel

In a surprising move last night Microsoft bought Skype for a cool $8.5 billion in cash. The deal is the largest in Microsoft history.

The move is very much a surprise considering the recent suitors were Facebook and Google. However it seems Microsoft was willing to spend a lot more - Google was rumored to be offering only $2 billion.

Is Microsoft looking for a competitive alternative to Google Voice and Apple's Facetime ? It could be given the fact Microsoft is bidding high on Windows Phone 7.

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