Microsoft announce purchase of Skype

The rumors that appeared overnight have turned out to be true. Microsoft has confirmed the purchase of Skype for $8.5 billion in cash.

Microsoft has been very clear in that it sees Skype’s technology and services being applied across the board to both its consumer and business customers. That means enterprise customers will receive a new way to communicate over voice and video, but more excitingly, those who own an Xbox and Kinect will also benefit from its introduction, as will Windows Phone 7 owners.
With Skype now a wholly-owned branch of Microsoft there may be worries that the service could disappear from non-Microsoft platforms. But Microsoft has been quick to state that Skype will continue to be supported across all devices going forward.

With guaranteed billions coming their way, investor group Silver Lake, who previously owned Skype, were delighted. Both Skype and Microsoft boards of directors approved the purchase and only regulatory approval is now required to finalize the deal.
Read more at the Microsoft press release