Microsoft acquires Skype

Microsoft has acquired Skype for $8.5 billion. The aftershocks of this deal would be felt on three subsets of the tech world — mobile, social networking, SMB services — other than improving real-time communication over various platforms. Microsoft is expected to bring in deeper Skype integration into Lync, Outlook, Xbox Live, Hotmail and Messenger, as mentioned in the press release.

More details on the acquisition and its effects here

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