Microsoft closes $8.5 billion Skype acquisition
Microsoft has completed its $8.5 billion acquisition of Skype Global, giving the software company a major foothold in the growing market for Internet telephony services.
"Skype is a phenomenal product and brand that is loved by hundreds of millions of people around the world," Microsoft CEO Steve Ballmer said in a statement late last night. "We look forward to working with the Skype team to create new ways for people to stay connected to family, friends, clients and colleagues--anytime, anywhere."
Microsoft announced in May the deal to acquire Skype. A final hurdle was cleared last … Read more
