The big news is in town. Microsoft Corporation and Skype Global today announced that Microsoft have entered in the agreement phase of acquisition of Skype which is the leading Internet communications company, for $8.5 billion in cash from the investor group led by Silver Lake.
Agreement is approved by the board of directors of both companies. Microsoft CEO Steve Ballmer and Skype CEO Tony Bates to discuss the announcement via live press conference. This live webcast of this press conference of Microsoft and Skype will start at 8 am PT/11 am ET (~2 hours 45 min). Click here to watch the live webcast.