As far as multi-billion acquisitions go, Microsoft's bid to takeover Skype was, for the most part, nothing but smooth sailing. It took U.S. regulators all of about 2 seconds to approve the $8.5 billion merger, while the European Union took a little longer deciding whether or not to give its stamp of approval, which it did. With all the paperwork in place, Microsoft closed the deal with Skype on Thursday after originally announcing the transaction on May 10, 2011.
Skype is now an official business division within Microsoft, and the Redmond software giant is eager to get started integrating the VoIP service across a range of Microsoft products, ultimately broadening Skype's reach.
"By bringing together the best of Microsoft and the best of Skype, we are committed to empowering consumers and businesses around the globe to connect in new ways," said Skype CEO Tony Bates , who immediately assumes the title of president of the Skype Division of Microsoft. "Together, we will be able to accelerate Skype's goal to reach 1 billion users daily."
Microsoft posted an infographic filled with big numbers related to Skype's current status. For example, Skype logs 300 million minutes of video per day, while video calls now account for 42 percent of all Skype-to-Skype minutes.