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Microsoft Looking to Buy Skype in $8.5 Billion Deal (Report)

The company is near a deal to acquire the software application, which lets users make voice calls on the Internet.

Microsoft Corp. is nearing a deal to buy Skype for $7-8 billion, the Wall Street Journal reported, citing anonymous sources.

A deal could be announced as early as Tuesday, although negotiations are still ongoing and could fall apart, WSJ sources said.
 
The total value of the deal would be about $8.5 billion when including long-term debt held by Skype, a software application that allows people to make voice calls via the Internet.
 
According to the WSJ, Microsoft is struggling to make in-roads in the consumer market, and this move would represent its most aggressive in the areas of communication, information and entertainment. A deal would also mark Microsoft's costliest acquisition in its 36-year history.
 
Microsoft and Skype had no comment.