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Microsoft will acquire Skype for $8.5 billion

microsoft buys skype

Microsoft announced Tuesday that it will acquire VoIP service Skype for $8.5 billion in cash.

Microsoft will purchase the company from investor group Silver Lake, which—along with Index Ventures, Andreessen Horowitz Ventures, and the Canada Pension Plan (CPP)—acquired a majority stake in Skype in December 2009.

Microsoft said the deal will increase the accessibility of real-time video and voice communications across its products, while expanding Skype's reach. Skype will be available on Microsoft products like Xbox, Kinect, and Windows Phone, and Microsoft will connect Skype users with Lync, Outlook, Xbox Live, and more.

Microsoft said it will continue to invest in and support Skype clients on non-Microsoft platforms.

Click to continue reading Microsoft will acquire Skype for $8.5 billion


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