Microsoft to buy Skype for $8.5 billion, price seen high

NEW YORK (Reuters) - Microsoft Corp plans to buy Internet phone service Skype for $8.5 billion in cash, a rich price as it seeks to regain ground on growing rivals such as Google Inc.

Source: http://feeds.reuters.com/~r/reuters/topNews/~3/2HYJ1QGaKQo/us-skype-microsoft-idUSTRE7490F020110510

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