QuoteMicrosoft has agreed to acquire Skype for $8.5 billion.
"Skype is a phenomenal service that is loved by millions of people around the world," Microsoft CEO Steve Ballmer said today in a statement. "Together we will create the future of real-time communications so people can easily stay connected to family, friends, clients and colleagues anywhere in the world."
Microsoft plans to integrate Skype's technology with the Xbox game console and Kinect motion-sensing device, as well as with its Windows Phone platform. The company also will "connect Skype users with Lync, Outlook, Xbox Live, and other communities.
QuoteOn Monday, eBay said it would take a $900 million so-called impairment write-down against the value of Skype. This means that eBay has been forced to reassess the value of the Internet telephony company relative to its overall business today. By recording a charge, the company is essentially saying that it has taken a loss on its original investment. In what looks like an attempt to shake things up at Skype and move the division in a new direction, eBay also said Monday that Skype co-founder and Chief Executive Niklas Zennstrom has stepped down.