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Internet

Microsoft closes acquisition of Skype

Friday 14 October 2011 | 10:20 CET | News
Microsoft has closed the USD 8.5 billion acquisition of Skype. The completion of the deal marks the official introduction of Skype as a new business division within Microsoft. The companies will remain focused on their shared goal of connecting all people across all devices and accelerating their efforts to transform real-time communications for consumers and enterprise customers. Skype CEO Tony Bates will assume the title of president of the Skype Division of Microsoft with immediate effect, reporting directly to Microsoft CEO Steve Ballmer.


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Categories: Internet
Companies: Microsoft / Skype
Countries: World
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