Tuesday, May 10, 2011

Overpaid by 4.5 Billion? Ouch

Microsoft said tricked into overbidding for Skype by $4.5b:

Microsoft's $8.5 billion purchase of Skype may have been the result of it being fooled into paying more. Multiple tips claimed Tuesday that Google was bidding but had stopped at $4 billion, less than half what Microsoft paid. TechCrunch was told that Facebook had never been in competition and, while not intentional, ended up convincing Microsoft it had to bid more to stay in the running.

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