Microsoft has closed Skype acquisition

Skype CEO Tony Bates is president of the Skype Division of Microsoft

Microsoft said Friday that it has closed its US$8.5 billion acquisition of Skype, the Internet telephony provider in Luxembourg, and the company will function as a new business division within Microsoft.

Skype CEO Tony Bates will assume the title of president of the new Skype Division immediately, reporting directly to Microsoft CEO Steve Ballmer.

The acquisition is however still under review in a few countries, and will be completed in those countries when such reviews are closed, Microsoft said without naming the countries. The deal was cleared by the Department of Justice in the U.S. in June and antitrust regulators in the European Union this month.

Microsoft announced in May that it had agreed to acquire Skype, and said at the time that it would be integrated with Microsoft's products, without affecting availability of the popular Internet telephony application on platforms from competitors.

The Skype division will continue to offer its current products to millions of users globally, Microsoft said on Friday. In the long 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 for people to communicate online, it added.

Founded in 2003, Skype was acquired by eBay in September 2005, and then acquired by an investment group led by Silver Lake in November 2009. Other members of the selling investor group led by Silver Lake include eBay International, CPP Investment Board, Joltid in partnership with Europlay Capital Advisors, and Andreessen Horowitz, Microsoft said

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesInternet-based applications and servicesskypeMicrosoftinternetMergers and acquisitions

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?