Skype Suffers Disastrous Crash, Users Blaming Microsoft

- Skype Suffers Disastrous Crash, Users Blaming Microsoft



May 26, 2011

Skype, which Microsoft (NASDAQ:MSFT) acquired earlier this month for $8.5 billion, has been having numerous problems this morning.

VoIP and instant messaging services were reportedly not working, users reported having problems signing in and being abruptly disconnected, and the skype.com website itself was experiencing severe difficulties at one point.

Skype has acknowledged the problem and will issue a fix in the next few hours. The company issued instructions for users of Windows, Mac, as well as Linux on how to manually fix the problem in the meantime.

Shares of Microsoft are trading up 1.98% at $24.67.

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Microsoft Is In Talks To Buy Skype Technologies

Microsoft Is In Talks To Buy Skype Technologies



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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