Skype the acquisition of 65% of Skype for $1.9 billion from eBay, which attributed to the enterprise a market value of $2.92 billion. Microsoft bought Skype in May 2011 for $8.5 billion. Skype division headquarters are in Luxembourg, but most of the development team and 44% of all the division's employees are still situated in Tallinn and Tartu, Estonia. Skype allows users to communicate over the Internet by voice, using a microphone, by video using a webcam, and by instant messaging. Skype-to-Skype calls to other users are free of charge, while calls to landline telephones and mobile phones (over traditional telephone
Skype Technologies eBay announced the sale of 65 per cent of Skype to a consortium of Index Ventures and Silver Lake Partners. Early in September, Skype shut down the Extras developer program. In November, Skype settled the Joltid litigation and acquired all Skype technology in exchange for equity in the company and eBay completed the sale of 70% of Skype to a consortium comprising Silver Lake Partners, Joltid, CPPIB, and Andreessen Horowitz for approximately $2 billion, valuing the entire business at US$2.75 billion. In May 2010, Skype 5.0 beta was released, with a capacity to support group video calls involving up to