Microsoft has confirmed that it will buy Skype, the internet telephony company, for $8.5bn in cash.
The £5.2bn takeover has been agreed by the boards of both Microsoft and Silver Lake, the leading firm in the investor group that picked up a majority stake in Skype in 2009. Other members of that group include CPP Investment Board, Andreessen Horowitz, Skype founders Niklas Zennström and Janus Friis — via their company Joltid — and eBay, which bought Skype in 2005 for $2.6bn and retained a 30-percent stake when it sold the service off in 2009.
Microsoft has confirmed that it will buy Skype for $8.5bn (£5.2bn). Photo credit: Pixelbully
will be a competition to apple's facetime
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