Okay its everywhere, its official and its big! Microsoft has acquired Skype for $8.5 billion. CEO Steve Ballmer has released his press statement. Redirect here to view the official Press Release.
Facebook and Google were to purchase Skype, but out of nowhere Microsoft dashed in and gained hands on it. This is looking as a massive blow on Apple’s face. Steve Jobs has integrated the Facetime in all of his devices making it available on a wider platform. Microsoft has done the same, but just a bit better. Microsoft will implement its Skype services in the XBOX gaming console, Kinect motion-sensing device and also on the Windows phone platform. It will interconnect Skype users with Xbox Live, Outlook and Lync as well. Of course, Microsoft will not harm non-microsoft platforms and will continue to support them too.
As of Skype’s history, the Luxembourg based company was launched in 2003 and annexed by eBay in 2005. After Skype lost a whopping $99 million in 2009, eBay decided to finally trash the deal and eventually dropped Skype to a company called Silver Lake in 2009. Skype lasted for 18 months on its own and the company did pretty well in its years. Profiting $13.2 million in the first six months of 2010 Skype was making some heavy bucks. According to an article at MASHABLE, Skype is recorded to have 170 million regular users of which 8.8 million are paying customers.
The deal was successfully closed just yesterday Monday, the 9th. Microsoft is claiming this to be the most expensive deal they have ever made. This is a very good news for the investors down at the Silver Lake as they now have copious amount of money pouring in. Tony Bates had recently joined Skype as a CEO and now will be heading the Microsoft Skype division as the President.
Please drop a comment as to what you think of Microsoft sealing the deal with Skype. Will it promise to be a profitable one and pose as a serious threat to Apple or will it turn out to be another shitty deal? This latest news is brought straight to you at Chaaps. Please subscribe to our feed to receive more of the latest stories and updates!Tweet