Categories: Business

Skype confirm $8.5 billion acquisition by Microsoft

Tony Bates, CEO of Skype, has confirmed in a blog post on the Skype website that Microsoft will acquire the internet voice and video phone service for $8.5 billion. When the acquisition is complete, Skype will become a new business division of Microsoft.

Skype

Founded in 2003, Skype currently enables 170 million users around the world to communicate using voice and video chat services over the internet, either for free or at a minimal cost. Under the deal Tony Bates will continue to run Skype under a newly established Microsoft Skype Division, and will be required to report directly to Microsoft CEO Steve Ballmer.

Ballmer said of the deal,

“Skype is a phenomenal service that is loved by millions of people around the world.

“Together we will create the future of real-time communications so people can easily stay connected to family, friends, clients and colleagues anywhere in the world.”

Bates has stated that the deal will directly benefit both companies and the large user base they have gained over the past eight years,

“I believe this acquisition is the very best way to extend Skype’s reach and will allow us to bring real-time video and voice communications to more people around the world than ever before. The combination of Skype and Microsoft will directly benefit all of you who use Skype by ushering in a new era of generative ways for everyone to communicate.”

Immediate future plans for the service will see Skype support on various Microsoft products like the Xbox and Windows Phone. Microsoft will also connect Skype users with Lync, Microsoft’s enterprise level instant messaging service, the Outlook email client, and the Xbox Live gaming network. Skype will continue to be supported on non-Microsoft devices like Apple’s iPhone and Google’s Android platform.

Image courtesy of Ryan Fanshaw Photography on Flickr

Albizu Garcia

Albizu Garcia is the Co-Founder and CEO of Gain -- a marketing technology company that automates the social media and content publishing workflow for agencies and social media managers, their clients and anyone working in teams.

Recent Posts

Club of Rome launches joint taskforce that would restrict your food, travel & ownership choices

The 'Materials and Consumption Taskforce' is an attempt to micro-manage all aspects of your life:…

4 days ago

As the tech talent shortage continues, Ness Digital Engineering nurtures its rising stars

Talent in the tech industry has long been a hot commodity. Yet in today's world,…

4 days ago

Prezent launches My Workspace to ensure AI-powered presentation software works as tool, not a burden

In an ideal scenario, professionals in 2025 should be able to leverage a personal suite…

5 days ago

NTT’s simultaneous Kabuki performance shows photonics connectivity is more than a song and dance

In a fusion of tradition and technology, Japanese tech firm NTT unveiled the capabilities of…

6 days ago

UN finalizes neurotech ethics draft, to be adopted at General Conference

The United Nations Educational, Scientific, and Cultural Organization (UNESCO) finalizes its "Recommendation on the Ethics…

2 weeks ago

Inside the Dead Internet Theory: Profits in a World Run by Bots

The dead internet theory is a conspiracy theory that goes: Most of the content we…

2 weeks ago