Microsoft Buys Skype for $8.5 Billion

After tons of rumours that first Facebook, then Google and finally Microsoft were in advance talks to buy Skype, now it has been made official that the Redmond based company has acquired Skype for a staggering $8.5 Billion. Microsoft got the nod over Facebook and Google by bidding a highly aggressive amount for Skype — which was initially thought to be worth $4 Billion.

Skype logo

Skype will now be integrated into Microsft devices Xbox and Kinect, Windows Phones, Outlook, Lync, Windows devices and non-Microsoft platforms. Microsoft will continue to support Skype development on non-Microsoft platforms as well.