Microsoft has finalized its acquisition of Skype, five months after it was first announced. Under the new deal, that is said to cost $8.5 billion, Skype CEO Tony Bates is reassigned as the president of the new Skype Division of Microsoft and must report directly to Microsoft’s CEO Steve Ballmer. Many of Skype employees, that are stationed in offices around the world, will stay in the team. These offices include outposts in the United States, Hong Kong, Singapore, Japan, United Kingdom, Luxembourg, Sweden, Russia, the Czech Republic, as well as Estonia.

“By bringing together the best of Microsoft and the best of Skype, we are committed to empowering consumers and businesses around the world to connect in brand new methods,” mentioned Bates.
Although the deal has been completed, the acquisition remains under review in many nations.


View the original article here