Huge news!

Rupert Murdoch’s News Corporation is understood to have made a bid approach to the fast- growing internet phone group, Skype, which may have valued the two-year-old operation at almost US$3bn.

Talks have broken down and Skype has denied it is for sale. But sources in the telecoms industry say they expect it to be taken over shortly.

Skype, which is based in Luxembourg but run out of London, was founded in 2003 by the 39-year-old Swede Niklas Zenn-strom and 29-year-old Dane Janus Friis.

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This entry was posted on Sunday, August 7th, 2005 at 11:22 pm and is filed under Skype. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.