In a shocking turn of events, software giant Microsoft is reportedly on the verge of acquiring VoIP services provider Skype for $8 billion to $8.5 billion.
Citing people familiar with the matter, a report on The Wall Street Journal indicates that the deal, which is on its last stages, might be announced as early as Tuesday.
However, the sources claimed that the deal is yet to become final yet and runs a risk of falling apart.
Earlier, it was rumoured that social networking giant Facebook and Google have held talks with Skype for a possible partnership. Facebook was even rumoured to have made an acquisition offer to the company.
If the deal comes through, Microsoft would have to pay a whopping $8.5 billion for Skype in order to cover the company’s debt. Skype has been valued at $6 billion and is likely to charge more than that for the acquisition.
The acquisition will boost Microsoft’s aggressive advances in the global online communications market and will be the biggest buy in the history of the Windows maker.
Skype allows users to make free Skype to Skype voice and video calls. The company also offers premium services to businesses and individuals.