I’ve just read an article in the Wall Street Journal reporting that Microsoft Corporation has agreed to by Skype Internet phone Company for $8.5 billion cash.
Communication technologies has been “the backbone” of Microsoft’s grown and the motivation to acquire Skype was because Skype has an already established business in the field.
A joint phone interview discussed the opportunity to expand Skype’s reach by blending it with technologies across Microsoft’s vast portfolio of products, including the Xbox videogame console, Windows Phone software and Lync communications product for businesses.
When asked about the high value of the acquisition Microsoft’s Chief Executive Steve Ballmer said the deal will be accretive to Microsoft profits in “year one” after the transaction closes.
There’s a lot more. Please click on the link Wall Street Journal to read the entire article Anupreeta Das and Nick Wingfield