Microsoft Skype Division
Encyclopedia
Microsoft Skype Division is a division within Microsoft
that develops and operates the VoIP software, Skype
. Microsoft announced that it had planned on acquiring Skype Limited in May 2011 for $8.5 billion. The acquisition got US and EU approval and was completed on 13 October 2011, although approval is still awaiting in several other countries. Microsoft plans on incorporating Skype's technologies into many of their products, such as Xbox 360
and Windows Phone
. Skype's offices will continue to remain where they have been before the acquisition
was completed.
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
that develops and operates the VoIP software, Skype
Skype
Skype is a software application that allows users to make voice and video calls and chat over the Internet. Calls to other users within the Skype service are free, while calls to both traditional landline telephones and mobile phones can be made for a fee using a debit-based user account system...
. Microsoft announced that it had planned on acquiring Skype Limited in May 2011 for $8.5 billion. The acquisition got US and EU approval and was completed on 13 October 2011, although approval is still awaiting in several other countries. Microsoft plans on incorporating Skype's technologies into many of their products, such as Xbox 360
Xbox 360
The Xbox 360 is the second video game console produced by Microsoft and the successor to the Xbox. The Xbox 360 competes with Sony's PlayStation 3 and Nintendo's Wii as part of the seventh generation of video game consoles...
and Windows Phone
Windows Phone
Windows Phone is a mobile operating system developed by Microsoft, and is the successor to its Windows Mobile platform, although incompatible with it. Unlike its predecessor, it is primarily aimed at the consumer market rather than the enterprise market...
. Skype's offices will continue to remain where they have been before the acquisition
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
was completed.