Tuesday, May 10, 2011

Microsoft close the purchase of Skype by $ 8.5 billion Deal

Microsoft is close to buying the online telephone service Skype calls for $ 8.5 billion. I refer to sources close to the operation. With this figure the Redmond company would smooth the 686 million dollars in debt of the telephone group, which closed last fiscal year with a net loss of $ 7 million, despite the 860 million turnover.

The difficulties in generating cash were among the reasons that led Yahoo to give up the stock market. The capitalization of the company after the placement had been estimated at one billion dollars, a figure significantly lower than that put into the pot from the U.S. software maker. Skype was founded in 2003 and was bought by eBay two years later.

In 2009 eBay sold a majority stake to a consortium that included Silver Lake, Andreessen and Horowitz the Canada Pension Plan Investment Board for $ 1.9 billion in cash. The service is used each month by 124 million users. The transaction, which should be announced in the coming hours would be the largest acquisition made by Microsoft since 1975, but the costs would be relatively low when considering the 50 billion in cash and short-term investments remaining after the budget of the giant scaled to the failure of Yahoo.

The purchase of Skype also marks the first real success of Microsoft in its fight to counter Google's dominance in the market for Internet services.

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