Microsoft (MSFT) Agrees to Acquire Skype in $8.5B Deal
Tweet
Share
E-mail
Get Alerts MSFT Hot Sheet
Join SI Premium – FREE
Microsoft Corp. (Nasdaq: MSFT) and Skype Global S.a r.l confirmed Tuesday that they have entered into a definitive agreement under which Microsoft will acquire Skype for $8.5 billion in cash from the investor group led by Silver Lake.
Rumors late Monday said the deal could be valued at more than $7 billion.
The agreement has been approved by the boards of directors of both Microsoft and Skype.
Steve Ballmer, CEO of Microsoft, said, "Skype is a phenomenal service that is loved by millions of people around the world. Together we will create the future of real-time communications so people can easily stay connected to family, friends, clients and colleagues anywhere in the world."
Rumors late Monday said the deal could be valued at more than $7 billion.
The agreement has been approved by the boards of directors of both Microsoft and Skype.
Steve Ballmer, CEO of Microsoft, said, "Skype is a phenomenal service that is loved by millions of people around the world. Together we will create the future of real-time communications so people can easily stay connected to family, friends, clients and colleagues anywhere in the world."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- The Hardest Part of Quantum-Proofing a Company Isn't the Encryption. It's Deciding Where to Start
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- Holcim to acquire Fermacell from James Hardie for EUR 840M
Create E-mail Alert Related Categories
Mergers and AcquisitionsRelated Entities
Steve BallmerSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
