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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Tuesday, 10 May 2011 22:39
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Tuesday, 30 November -0001 00:00
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