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Wednesday, May 11, 2011

Microsoft To Buy Skype For $8.5B, But Deal Stalls Due To 404 Error

Microsoft to buy Skype for $8.5 Billion.
The Los Angeles Times reported today that Microsoft is planning to buy Skype for $8.5 Billion, it's largest acquisition ever. However, the deal was temporarily stalled when Microsoft's online banking came up with a 404 Error

Microsoft is poised to take a really good thing and screw it up. The software and operating system giant plans on integrating Skype into its Windows Smartphone, XBOX game console and its email service. Skype is one of the largest communications providers in the world with over 170 million monthly users.

In a separate news release Microsoft announced that there will be 142 downloadable patches that will allow Skype to work on MS-based PC's.

No one knows why Microsoft wanted to buy Skype, especially for the highly inflated price. Two years ago, Skype was valued at $1 Billion. Microsoft, acting more like Congress than a savvy tech giant feels the 8 times over value is a fair purchase price. I'd hate to see what they consider "getting screwed."

Part of the reason for the high price was to outbid Google. Google bid $1 and was hoping the price was right and they'd get to pick whatever was behind door number 3.

Skype has yet to turn a profit. Last year, they lost $7 Million on $840 Million in sales. Microsoft thinks that ads placed on the viewer can make the company profitable.

While Skye has worked extremely well, Microsoft plans to change that. A spokesman said, "We feel we can create enough memory hogging code to jam the ram and bring even the fastest processor to a halt. Plan on re-booting frequently. All of this keeps in line with our brand and we're excited about making Skype a true pain in the ass."

Wall Street and the tech industry are still scratching their heads over Microsoft buying Skype for $8.5 Billion. Maybe the 404 Error will prevent the deal from going through. Skype users would love that.

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