BIG DEAL

Cape Breton Post - - Front Page -

On this date in 2011, Mi­crosoft an­nounced it was buy­ing pop­u­lar In­ter­net phone com­pany Skype for US$8.5 bil­lion in cash in the big­gest deal in the soft­ware maker’s 36-year his­tory. It also meant a big pay­out for the Canada Pen­sion Plan In­vest­ment Board which more than tripled its in­vest­ment of $300 mil­lion in Skype in 2009.

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