Microsoft buys Skype

Microsoft Chief Executive Officer (CEO) <a class="taxInlineTagLink" id="PEBSL00393" title="Steve Ballmer" href="/topic/economy-business-finance/steve-ballmer-PEBSL00393.topic">Steve Ballmer</a> (L) and <a class="taxInlineTagLink" id="ORCRP000017592" title="Skype" href="/topic/economy-business-finance/computing-information-technology-industry/skype-ORCRP000017592.topic">Skype</a> CEO Tony Bates shake hands at their joint news conference in San Francisco. Microsoft and Skype announced Tuesday that they have entered a definitive agreement under which Microsoft will acquire Skype for $8.5 billion from the investor group led by Silver Lake.

( REUTERS/Susana Bates / May 12, 2011 )

Microsoft Chief Executive Officer (CEO) Steve Ballmer (L) and Skype CEO Tony Bates shake hands at their joint news conference in San Francisco. Microsoft and Skype announced Tuesday that they have entered a definitive agreement under which Microsoft will acquire Skype for $8.5 billion from the investor group led by Silver Lake.

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