Microsoft Agrees to Buy Skype for $8.5 Billion
Business, Featured Tuesday, May 10th, 2011
Microsoft makes its most-expensive deal ever for a company–Skype–that has had few profits despite millions of customers. And Microsoft is paying a pricey 10 times revenue for it, or $8.5 billion in total. In January, Skype’s owners were said to be seeking a $5-6 billion deal. Microsoft sees Skype supporting devices like Xbox, Kinect and [...]