Microsoft has just announced the acquisition of Skype, an Internet communications company, for $8.5 billion. Boards of directors of both Microsoft and Skype previously approved the acquisition.
Microsoft and Skype will remain focused on their shared goal of connecting all people across all devices and accelerating both companies' efforts to transform real-time communications for consumers and enterprise customers. The completion of the acquisition also marks the official introduction of Skype as a new business division within Microsoft.
"Skype CEO Tony Bates will assume the title of president of the Skype Division of Microsoft immediately, reporting directly to Ballmer. The Skype division will continue to offer its current products to millions of users globally. Longer term, Skype will also be integrated across an array of Microsoft products to broaden Skype's reach and accelerate its growth as a fundamental way people communicate online. Skype employees will continue to be located around the world in offices including Estonia, the Czech Republic, Russia, Sweden, the United Kingdom, Luxembourg, Japan, Singapore, Hong Kong, and the United States," Microsoft stated.
Bates, in his first official blog post notes that Skype's mission is to be the communications choice for a billion people every day, and that joining forces with Microsoft "is the best way to accelerate this mission and capitalize on our position at the intersection of social, mobile and video communications":
Microsoft is committed to the ubiquity of the Skype experience - communication across every device and every platform will remain a primary focus. And we've only scratched the surface. We're at the starting line of integrating world-class talent, innovative technologies and products. By bringing together the best of Microsoft and the best of Skype, we'll deliver amazing new experiences for consumers and business around the world.
The Internet has changed video calling for millions of people. Explore some of the numbers and stats showing the scope and impact of how Skype is helping people stay connected.