Microsoft (MSFT) Agrees to Acquire Skype in $8.5B Deal

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."

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