WTF is going on in Redmond?

News came out tonight that Microsoft is buying Skype for around $8 billion. Full details will be announced in the morning.

I just don't understand what's going on up in Washington state. What is Steve Ballmer thinking?

Skype hasn't turned a profit ever, and according to the S-1 it filed when it was going to IPO, it said it might never turn a profit.

At $8 billion, Microsoft is WAY overpaying for Skype. Probably by about $5 billion or so. I just don't see how Microsoft can justify this.

I love Skype, I think it's a great product, but I don't see the strong events growth Mr. Softy does. Maybe I'm wrong, but for now, if I were a Microsoft shareholder, I'd be pretty pissed.

Ballmer, you got some ‘splainin to do.