Microsoft buying Skype

Today Microsoft annouce that they are going to purchase VoIP service known as Skype. In Microsoft's 36 -years of history, this buyout is the highest ever costing $8.5 Billion.
Skype is a well known VoIP application that popularized video chatting through out the world. Skype has 170 million users each months and it earned the revenue of $860 milllion last year with $7 million loss. Microsoft is going to add Skype feature for both Xbox and Window Phones. This action is to compete with both google and apple for their VoIP services.



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