Cisco May Be Making A Run For Skype

Monday Aug 30th 2010 by Staff

Unnamed sources say the networking giant has made an offer to purchase the Skype before it completes the IPO process.

TechCrunch: Unnamed sources tell TechCrunch that networking vendor Cisco has made an offer to acquire VoIP provider Skype. Skype, which is currently in the middle of the IPO process, declined to comment.

Skype was hoping for an IPO valuation of $5 billion, so the offer would presumably have to be close to that amount.

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