In a move that many people saw coming, Microsoft has acquired Skype, the VOIP company that many use to make free computer to computer calls. Kind of makes you wonder if there will be a re-branding involved?
REDMOND, Wash., and LUXEMBOURG — Oct. 13, 2011 — Microsoft Corp. (Nasdaq “MSFT”) has closed its acquisition of Skype Global S.à r.l. Negotiations of the definitive agreement under which Microsoft would acquire Skype, an Internet communications company, for $8.5 billion were led by investor group Silver Lake and the transaction was originally announced on May 10, 2011. Boards of directors of both Microsoft and Skype previously approved the acquisition.