Microsoft Corp. (MSFT) agreed to acquire Skype for $8.5 billion in cash, a move the software giant hopes will enhance the communications capabilities of its wide-ranging products and allow it to better keep pace with technology rivals such as Google Inc. (GOOG) and Apple Inc. (AAPL).
The deal lets Microsoft integrate Skype's free and low-cost Internet video and telephony services into everything from its Bing search engine to Windows smartphones and its Xbox 360 video game system.
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It's good that technology is moving ahead at a greater pace and now we will avail the facility of low cost internet videos and telephony services in our windows mobiles and video gaming system....
