The combination will extend Skype’s world-class brand and the reach of its networked platform, while enhancing Microsoft’s existing portfolio of real-time communications products and services. The acquisition will increase the accessibility of real-time video and voice communications, bringing benefits to both consumers and enterprise users and generating significant new business and revenue opportunities. The agreement has been approved by the boards of directors of both Microsoft and Skype. (Nasdaq: “MSFT”) and Skype Global S.à r.l today announced that they have entered into a definitive agreement under which Microsoft will acquire Skype, the leading Internet communications company, for $8.5 billion in cash from the investor group led by Silver Lake. REDMOND, Wash., and LUXEMBOURG – – Microsoft Corp. Follow the break to read the full presser from Microsoft. The purchase agreement has been approved by both Microsoft's and Skype's Boards of Directors. Skype will support Microsoft devices such as the Xbox consoles, Kinect and Windows Phones. Skype will become a new business division of Microsoft with Skype CEO Tony Bats assuming the role of president of the Microsoft Skype Division. Update 3: Microsoft has issued a press release stating that they have entered into a definitive agreement under which Microsoft will acquire Skype for $8.5 billion in cash from the investor group led by Silver Lake. ![]() Update 2: GigaOM is reporting that Microsoft paid $8.5 billion in cash for the company: $7b for the company, $1.5b in debt. ![]() ![]() Reportedly the press-release comes at 5am PDT/8am EST. Update: According to All Things D's Kara Swisher, it's a done deal and will be announced tomorrow morning.
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