Microsoft To Buy Skype For $8.5 BillionMicrosoft Corp. said Tuesday that it has agreed to buy the popular Internet telephone service Skype SA for $8.5 billion in the biggest deal in the software maker’s 36-year history.
Skype Getting New Chief Executive From CiscoSkype is replacing its CEO with a Cisco Systems executive, a change that may indicate the Internet calling service is closer to announcing specific plans for an initial public offering.

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
Got Our Weather App?
Listen to Anywhere, Anytime!

Listen Live