Microsoft Pays Premium for Skype

Industry shocked by massive price tag

Microsoft reportedly paid a shocking $8.5 billion to acquire Internet phone service giant Skype, only 20 months after eBay sold 65 percent of the company to a private equity group for $1.9 billion, which thus pegged its September 2009 value at $2.75 billion. The nearly $6 billion premium has industry analysts skeptical of Skype’s actual worth. The deal represents the most money Microsoft has ever shelled out for an acquisition.