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May 11, 2011

Microsoft Buys Skype for $8.5 Billion 
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The tech giant Microsoft has announced it will purchase the online phone
calling service, Skype, for $8.5 billion, in its most expensive
acquisition to date. Microsoft is expected to gain roughly 600 million
worldwide users as a result of the deal. Skype CEO Tony Bates helped
announced the sale.

Tony Bates: "We think there is a tremendous amount of opportunities as
we look forward. We think this allows us to extend, not from hundreds of
millions, to literally billions. We believe that this is a platform and
a set of services that can reach everyone on the planet."



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