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May 11, 2011

Microsoft Acquires SKYPE For $8.5bn

Microsoft corp has acquired the world's most popular Internet Calling Service SKYPE from Skype Technologies SA for $8.5 billion.

Skype offers free PC to PC calling service and currently boasts of a subscriber base in excess of 660 million users. It is learnt that both Facebook and Google were in race to acquire Skype.

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