With a purchase price of $8.5 billion in cash when Microsoft finalises its purchase of Skype it's not 'buying to close' rather that it's 'buying to build' especially for Xbox 360 users.
Microsoft announced via a press release today that it and Skype "have entered into a definitive agreement under which Microsoft will acquire Skype, the leading Internet communications company, for $8.5 billion in cash from the investor group led by Silver Lake. The agreement has been approved by the boards of directors of both Microsoft and Skype."
The release also includes the leading comment that, "Skype will support Microsoft devices like Xbox and Kinect, Windows Phone and a wide array of Windows devices, and Microsoft will connect Skype users with Lync, Outlook, Xbox Live and other communities. Microsoft will continue to invest in and support Skype clients on non-Microsoft platforms."
In terms of deal detail, "Skype will become a new business division within Microsoft, and Skype CEO Tony Bates will assume the title of president of the Microsoft Skype Division, reporting directly to (CEO Steve) Ballmer.
Bates comments, "Together, we will be able to accelerate Skype's plans to extend our global community and introduce new ways for everyone to communicate and collaborate."
Get your calling fingers ready.