Looking to expand its online communications offerings, Microsoft said today that it will pay $8.5 billion for Skype Global, the internet voice and video chat service.
The all cash deal — Microsoft’s largest acquisition ever — would give the software giant a leading communications brand to partner with its other products such as Outlook, Lync, and Xbox LIVE. Skype, which offers free messaging and paid landline calling options, had 170 million users pile up more than 207 billion minutes of voice and video conversations last year.
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