In what was rumoured to be a bidding war between Facebook and Microsoft, ended with a price tag not seen for quite some time.
While we (in Australia) were all sleeping, Microsoft bought the Estonian company Skype for $8.5 billion.
What makes this even more tremendous, is that Skype isn't even profitable as yet - and has tremendous debt.
Last year Skype's revenues sat at $860 million, and had operating profits of $264 million. The company also carries $686 million in debt.
It is believed the Skype purchase was a tasty one by Microsoft: to further integrate into the Social web, and to claim its large userbase of 663 million users.
What do you think about the Skype purchase? Would it be better suited to Facebook?
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Until Next Time,
Tomer Garzberg (Keynote Social Media Speaker and Social Technologist)
Australia to the World: Brisbane, Sydney, Melbourne
www.strongmandigital.com.au
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