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- by bloombergquint.com
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Skype To Shut Down As Microsoft Pulls The Plug On Its $8.5 Billion Bet
Microsoft Corp. is signalling the end of the line for Skype, the iconic internet calling and chat service it bought almost 14 years ago. Once a byword for digital calls that bypassed long-distance charges, Skype was surpassed in recent years by smartphone-native communication apps and Zoom video calls. When Microsoft tried to stretch the Skype brand into the workplace, it lost out to Slack Technologies Inc.