Microsoft Buying Skype for $8.5 Billion 4.99K Seth Abramovitch 05/10/11 12:30AM Filed to: Mergers Mergers Skype Microsoft Tech That's the word on the street! The deal would include the assumption of Skype's $686 million debt, and will be made public at 5 AM Pacific time, according to NYT. If it happens, it'll be Microsoft's biggest acquisition ever.