Why CEO Tony Bates Is Excited About Microsoft’s Acquisition Of Skype!
Microsoft today finalized its acquisition of Skype announcing a closure of the $8.5 billion deal. The deal was originally announced in May 2011 but was only complete today after it cleared regulatory approval.
Now that Microsoft has completely acquired Skype, Skype’s CEO Tony Bates will be the President of the Skype division at Microsoft. He is very happy about the deal. In fact, he seems rather excited about it.
Why do you think Skype’s CEO Tim Bates is excited about Microsoft Skype acquisition? Simple fact for an answer is that “Skype is not yet profitable” and that’s even after having a gigantic user base of more than 663 million users.
To begin with, it should come as a surprise to most of you that Skype, one of the most renowned names in the IT industry isn’t “profitable” according to Microsoft.
However, now that Microsoft has acquired Skype, it will put its resources in making Skype profitable again and tightly integrating Skype with Microsoft’s products and services. We believe, in the not too distant future, Skype will be a built-in feature in most of Microsoft’s products including its upcoming ecosystem of operating systems.
Apparently, as we all know, Microsoft is the giant software leader with its reach in different platforms across almost all geographical areas known on earth (Antarctica not included ;)).
Skype which is clearly the most popular VOIP solution on the planet will now work with Microsoft to further improvise its stance in the VoIP arena and expand its already ubiquitous global reach to even wider angles.
Here’s a video statement of what Tony Bates expects Skype to be after its acquisition by Microsoft on the Microsoft Skype deal. He’s very excited about the deal, and so should you all be, just like us.
For your information, Skype was originally founded by Niklas Zennstrom and Janus Friis in 2003. The company experienced its first acquisition in 2005 by eBay, and was later purchased by Silver Lake, an investment group, in 2009.
Here’s an excerpt from Microsoft Skype President Tony Bates in this regard:
“Joining forces with Microsoft is the best way to accelerate this mission and capitalize on our position at the intersection of social, mobile and video communications. Simply put, we want to transform communications. We will do this by building the best products in the world that allow all of us to do things together whenever we’re apart and by creating teams who work faster and smarter across the globe building those world-class products.”
According to Microsoft:
“Microsoft and Skype will remain focused on their shared goal of connecting all people across all devices and accelerating both companies’ efforts to transform real-time communications for consumers and enterprise customers. The completion of the acquisition also marks the official introduction of Skype as a new business division within Microsoft.”
That’s why, you see. By the way, you should be seeing Skype integration into Xbox, Windows and Windows Phone OS soon. Now, that’s the most exciting part. Isn’t that a reason to be excited. Yes, you?
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