Summary Box: Microsoft calls on Skype for help

AP News
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Posted: May 10, 2011 6:36 PM
Summary Box: Microsoft calls on Skype for help

EXPENSIVE CALL FOR HELP: Microsoft Corp. will pay $8.5 billion to buy the popular Internet phone service Skype. It's part of an effort by the world's largest software maker to become a bigger player in Internet and mobile communications services.

THE PRICE: It's the most money Microsoft has paid to buy another company in its 36-year history. The $8.5 billion is three times more than Skype's value the last time it was sold just 18 months ago.

THE GOAL: Microsoft hopes to make video chats on Skype as common as logging on to Facebook and instant messaging.