Microsoft to Acquire Skype for $8.5 Billion
Software giant Microsoft Corp. has agreed to purchase Internet telephony company Skype Technologies SA, for $8.5 billion in cash, adding the world’s biggest provider of international telephone calls to its portfolio.

Microsoft CEO Steve Ballmer (L) shakes hands with Skype CEO Tony Bates during a news conference on May 10, 2011 in San Francisco, California. Microsoft has agreed to buy Skype for $8.5 billion. Justin Sullivan/Getty Images
|Updated: