Microsft Buys Skype for 8.5 Billion
Microsoft today has announced their intention to buy Skype Global, the wonderful application that allows for people around the world to communicate with each other for free. The deal will set Microsoft back eight and one half billion US dollars, in cash. Not exactly pocket change for most companies, but our Redmond friends seem to have access to Scrooge's money bin.
According to the press release, this will be the third time in less than a decade that Skype has been sold. First to eBay in 2005, who then sold it to the investment group Silver Lake in 2009. Now Microsoft is throwing their hat in the ring.
Undoubtedly, Microsoft will soon integrate Skype into their collective and add their biological and technological distinctiveness to their own. Hopefully they wont mess it all up and ruin a good thing. In five year time, we'll either find ourselves making free video calls from everything running Microsoft software (Windows Phones, Desktops, XBOX's, etc) or shedding a tear when you hear mention of Skype; a once wonderful free service destroyed for mere pocket change.