Microsoft grabs Skype. Now what?
Microsoft announced this morning that they are moving forward with plans to buy Skype for $8.5 billion in cash from the investor group led by Silver Lake. The agreement has been approved by the both boards. What does this mean for both companies? For Microsoft, it gives them proven technology that is in a state of growth and that has high revenue potential based upon the direction of the telecommunication industry. For Skype, it’s cash. It isn’t clear whether or not the company needed cash, but it’s unlikely. Over the next few months, we’ll see how it shakes out, but this could be a sign of Microsoft’s…