So, I want to attempt to take us through this chronologically, Egon. And that’s the way all the way through to closing.ĪDAM LASHINSKY: Great. But, we run the company completely independently, the way we run the strategy, the way we run the business, the way we operate the management team, and so on. We do have part of the agreement, as with anything, when you’re in this stage, for those of who hope to get to go through this, between signing and closing, if there are material issues within there, we do run those by Microsoft. We work with the investors two of the primary investors are here on the stage with me. The way the governance rule is set up is absolutely we’re an independent company. And what levels of engagement can Microsoft, does Microsoft have during that period? But we have to work through the normally processes and procedures.ĪDAM LASHINSKY: So, in that timeframe, you run the company with your investors continuing to own the company. Maybe sort of October timeframe would be my guess. So, it’s anyone’s guess, but I would say we’ve got a couple of months more here. I think many of you know, we already got through the U.S. We hope, again, subject to regulatory approval.

In 2010, Skype had revenues of $860 million and posted a net loss of roughly $7 million.Tony, just quick facts, remind us, would you, when the Microsoft (MSFT) acquisition is expected to close. 'With 170 million connected users and over 207 billion minutes of voice and video conversations in 2010, Skype has been a pioneer in creating rich, meaningful connections among friends, families and business colleagues globally.'īut, the big kicker as The Daily Ticker's Aaron Task and Daniel Gross discuss in the accompanying video is the fact that Skype makes no money. 'The combination will extend Skype's world-class brand and the reach of its networked platform, while enhancing Microsoft's existing portfolio of real-time communications products and services,' according to Microsoft's press release on the deal. The deal is Microsoft's largest cash purchase in its 36-year long history.

Microsoft announced an $8.5 billion acquisition of the Internet telephone service Skype Technologies SA from eBay and a group of private equity investors including Silicon Valley heavyweights Silver Lake Partners.

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