- Nov 11, 2004
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NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
http://kara.allthingsd.com/20110509...istion-of-skype-tomorrow-morning/?mod=ATD_rss
The Wall Street Journal reported tonight that Microsoftin what would be its most aggressive acquisition in the digital spacewas zeroing in on buying Skype for $8.5 billion.
Sources told BoomTown tonight that the deal for the online telephony giant is actually done and will be announced early tomorrow morning.
The dealwhich is being spearheaded in a closely held negotiations by Microsoft CEO Steve Ballmer, with an assist from top dealmaker Charles Songhurstis a bold move for the software giant, which has struggled in its online efforts.
Skype, which had been headed bumpily for an IPO until now, will apparently be integrated into Microsofts Windows Live and other online communications efforts in both the consumer and enterprise arenas.
The deal is a big win for its recent investors, including Silver Lake Partners and Andreessen Horowitz.
At the time they made their investments, Skype was a huge legal mess with lawsuits flying.
Obviously, it has gotten cleaned up enough to attract Microsoft.
Others have looked at Skype, including Google, although acquisition interest by Facebook was overblown, said several sources.
Interestingly, Microsofts new smartphone partner Nokia also held meetings with Skypes CEO Tony Bates, a former Cisco exec who arrived at the company relatively recently.
Interest in Skype by Microsoft was first reported by GigaOms Om Malik.
Tune in at 5 am PT for the press release, apparently, and lots and lots and lot of analysis.
More to obviously come
http://kara.allthingsd.com/20110509...istion-of-skype-tomorrow-morning/?mod=ATD_rss