Microsoft acquires Skype for $8.5 billion

Voice-over-IP service Skype has been bought by Microsoft for the sum of $8.5 billion dollars, an acquisition that will surely shake-up the mobile video chat industry in one way or another. A major factor in the decision was Microsoft’s mobile segment, with plans to directly integrate Skype services into Windows Phone 7. MS also makes [...]

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Source: http://phandroid.com/2011/05/10/microsoft-acquires-skype-for-8-5-billion/