May 10, 2011
Microsoft (NASDAQ:MSFT) is in talks to buy Skype to gain the most popular international calling service and its 663 million customers, according to a Bloomberg report, which cited two people familiar with the matter.
The deal would value Skype at $8.5 billion and may be announced as early as today. It could help CEO Steve Ballmer bring in Web users and narrow Google's (NASDAQ:GOOG) lead in Internet advertising.
Microsoft has a potential upside of 27.3% based on a current price of $25.83 and an average consensus analyst price target of $32.89.
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