The Ellis County Press: Microsoft buys Skype for $8.5 billion; creates new business division Microsoft buys Skype for $8.5 billion; creates new business division ================================================================================ ZDNet Tech Update Today [newsletters@zdnet.online.com] on 05/10/2011 10:47:00 The rumors were right. Microsoft announced on May 10 that it bought Skype, an Internet communications vendor, for $8.5 billion. READ FULL STORY