Microsoft to Buy Skype
Microsoft is nearing a deal to buy Internet video company Skype for between $7 billion and $8 billion, the Wall Street Journal reported late Monday. Later on Monday, the Journal's Kara Swisher confirmed that the deal was done and would be announced Tuesday.
Google and Facebook were rumored earlier in the week to be looking to purchase Skype.
eBay bought Skype in 2005, and then sold a controlling stake to a group of private equity investors four years later.