Microsoft buying Skype for $8.5 billion
Internet phone and video company will become a Microsoft division.
Microsoft announced Tuesday that it's buying the internet phone company Skype for $8.5 billion, making it the largest acquisition in Microsoft's history.
Founded in 2003, Luxembourg-based Skype connects users via internet-based telephony and video, mostly at no charge.
Skype will become a division of Microsoft. CEO Steve Ballmer called it "a phenomenal service that is loved by millions of people around the world.”
Ballmer added: “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.”
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