Microsoft purchased Skype in a deal worth $8.5 billion in cash. The acquisition gave Microsoft the highly visible internet voice and video service that accounts for about one in five international calling minutes worldwide.
The Skype takeover was voted the big deal of the year by readers of TechFlash as part of our 2011 TechFlash Newsmaker Awards, or Flashies.
Many have knocked the deal, given Microsoft?s poor track record with large acquisitions (Danger, aQuantive) and the high price the company is paying for Skype. However, given that Skype was rumored to be in talks with Facebook and Google prior to being scooped up by Microsoft, it?s been suggested that coup alone is worth the price tag.
Microsoft has said it will use Skype?s technology to support Microsoft devices including Xbox and Windows Phone and Microsoft will connect Skype users with Lync, Outlook and Xbox Live.
Skype is now a business division of Microsoft and Skype CEO Tony Bates reports directly to Microsoft CEO Steve Ballmer.
Source: http://feedproxy.google.com/~r/TechFlash/~3/0Lrpr0SlevE/deal-of-the-year-microsoft-buys-skype.html
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