(The Hosting News) – Marking an investment into online communication, Microsoft has acquired Skype, the popular application that allows its users to voice chat online. The deal is for eight and a half billion dollars and Microsoft will assume the company’s debt.
Upon announcing the purchase, Microsoft CEO Steve Ballmer stated, “Skype is a phenomenal service that is loved by millions of people around the world”. Ballmer goes onto state, “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.”
In recent years, Microsoft has struggled with creating an online presence for web based applications. The deal is one of the company’s largest in quite some time. Skype’s debt accounts for 686 million, which actually totals to less than Microsoft’s online services division lost during the last quarter.
Besides having to fix the money problem, there’s an evident advantage for Microsoft with the acquisition. The company will acquire 663 million users who use the popular application.
Despite the transfer in ownership, Microsoft will keep Skype CEO Tony Bates on board as the new president of Microsoft Skype Division.
With money and legal problems, the popular application will find a firm setting with the software giant.
Analysts familiar with the acquisition noted that Microsoft would most likely seek to try to integrate Skype into its Windows Live programming, among other applications.
In the past, Skype has been owned by Ebay, whose ownership lasted from 2005 until 2009. The application was then acquired by an investment group from Silver Lake where it remained until the latest acquisition. At one point, Google also looked into purchasing Skype. There had also been talk that Facebook was examining a purchase it as well.
The official press release by Microsoft also noted that the acquisition will help increase business opportunities, as well as increase real time video and voice communication.
For more information, please visit: http://www.microsoft.com/Presspass/press/2011/may11/05-10CorpNewsPR.mspx