Microsoft and Skype Hold Press Conference on Microsoft's Acquisition of Skype at 8.00 PDT

Microsoft (NASDAQ: MSFT) 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. for $8.5 billion from the investor group led by Silver Lake.

The press conference will stream live on the Microsoft News Center at 8:00 a.m. PDT: http://www.microsoft.com/Presspass/presskits/corpnews.