Microsoft to buy Skype for for $8.5 billion

Microsoft has confirmed that it is going to buy the Luxembourg-based VoIP company 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 intends to incorporate Skype's functionalities with the Xbox game console and Kinect motion-sensing device, as well as with its Windows Phone platform. In spite of the deal, Microsoft said it will continue to support the communication service on "non-Microsoft platforms".

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