Tuesday, May 10, 2011

Microsoft is Buying Skype for $8.5 Billion

Skype, a service provider to connect millions of users around the world via Internet-based telephony and video, is close to be acquired by Microsoft with a cash deal.

Skype uses a technology called voice over Internet protocol (VOIP), allows users to call other Skype users on computers or certain cellphones for free. Skype users can also call land lines for a fee and conduct video calls. Skype should help Window 7 Phone and Microsoft can integrate Skype to its mobile software.

Why Microsoft is Buying Skype for $8.5 Billion? Om Malik gave some reasons in

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