Skype might be bought by Cisco

The rumour mill has spun out a yarn claiming that Cisco is about to buy the Voice over IP outfit Skype.

This is unexpected as Skype is getting set to go public. For Cisco to succeed in a bid it will have to write the cheque before that happens.

However TechCrunch claims it has a reliable source for this rumour and is standing by it.

Of course since Skype is about to go public it will not answer any questions about this and Cisco is not going to want to push up the perceived value of the company with loose talk.

However, for Cisco to buy Skype it will have to write a cheque with lots of zeros. The company is reportedly shooting for a net worth of $5 billion when it goes public.

Read more -here-

• Google, Meta, Apple receive FCC approval to tap into airwaves for VR and AR
• State-sponsored hackers are leveraging WinRAR bug
• Amazon launches drug delivery by drone
• Unpatched Zero-Day being exploited in the wild, Cisco warns
• Apple plans to update iPhones in-store without opening the boxes
• Microsoft just bought Activision Blizzard for $69 billion