Microsoft and Skype Hold Press Conference on Microsoft's Acquisition of Skype

Steve Ballmer and Tony Bates will speak.

REDMOND, Wash., and LUXEMBOURG, May 10, 2011 /PRNewswire/ -- Microsoft CEO Steve Ballmer and Skype CEO Tony Bates will hold a press conference on May 10, 2011, to announce that they have entered into a definitive agreement under which Microsoft Corp. will acquire Skype S.A., a leading Internet communications company, for $8.5 billion from the investor group led by Silver Lake.

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A moderated Q&A will follow prepared remarks by Ballmer, Bates and Peter Klein, chief financial officer, Microsoft. No additional interviews will be granted.

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SOURCE Microsoft Corp.