You will be redirected back to your article in seconds

Report: Microsoft nears Skype buy

Video telephony service could cost $7 billion

Microsoft is close to acquiring Skype for more than $7 billion, according to a Wall Street Journal report published late Monday.

The software giant is said to be eyeing the online telephony service in hopes of improving its lot in the mobile marketplace, where rivals including Apple and Google have found considerable traction.

While $7 billion is a hefty price tag even by Microsoft standards, the sum could be worth it as the company looks to gain a core competency that could also be used to bolster other key initiatives, from operating system Windows Phone 7 to search engine Bing.

If the deal closes, Microsoft would be buying from a group of investors who purchased the company from eBay in 2007. They include venture capital firms Andreesen Horowitz and Index Ventures.

EBay first purchased Skype in 2005, just two years after it was launched, but struggled to wring meaningful revenues out of the company.

No word yet on a done deal, but the WSJ reports the acquisition could be announced as soon as Tuesday.

More Digital

  • Brian Krzanich Intel CEO Brian Krzanich

    Intel CEO Out Following Investigation of Relationship With Employee

    Microsoft is close to acquiring Skype for more than $7 billion, according to a Wall Street Journal report published late Monday. The software giant is said to be eyeing the online telephony service in hopes of improving its lot in the mobile marketplace, where rivals including Apple and Google have found considerable traction. While $7 […]

  • Whistle Sports Raises $28 Million Series

    Whistle Sports Raises $28 Million Series D

    Microsoft is close to acquiring Skype for more than $7 billion, according to a Wall Street Journal report published late Monday. The software giant is said to be eyeing the online telephony service in hopes of improving its lot in the mobile marketplace, where rivals including Apple and Google have found considerable traction. While $7 […]

  • At&t Time Warner Stock Index

    AT&T Announces Watch TV Service Line-Up, Details on New Wireless Plans

    Microsoft is close to acquiring Skype for more than $7 billion, according to a Wall Street Journal report published late Monday. The software giant is said to be eyeing the online telephony service in hopes of improving its lot in the mobile marketplace, where rivals including Apple and Google have found considerable traction. While $7 […]

  • Lee Byung-hun and Kim Tae-ri in

    Netflix Shines For Lee Byun-hun Starring ‘Mr Sunshine’

    Microsoft is close to acquiring Skype for more than $7 billion, according to a Wall Street Journal report published late Monday. The software giant is said to be eyeing the online telephony service in hopes of improving its lot in the mobile marketplace, where rivals including Apple and Google have found considerable traction. While $7 […]

  • FORT LAUDERDALE, FL - MAY 26:

    XXXTentacion Breaks Taylor Swift’s Single-Day Global Streaming Record on Spotify

    Microsoft is close to acquiring Skype for more than $7 billion, according to a Wall Street Journal report published late Monday. The software giant is said to be eyeing the online telephony service in hopes of improving its lot in the mobile marketplace, where rivals including Apple and Google have found considerable traction. While $7 […]

  • SONOS PATRICK SPENCE

    How Smart-Speaker Maker Sonos Plans to Take on Apple, Google and Amazon

    Microsoft is close to acquiring Skype for more than $7 billion, according to a Wall Street Journal report published late Monday. The software giant is said to be eyeing the online telephony service in hopes of improving its lot in the mobile marketplace, where rivals including Apple and Google have found considerable traction. While $7 […]

More From Our Brands

Access exclusive content