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Microsoft's Skype acquisition: Warning Signs ahead

Microsoft and Skype announced that they have entered into a definitive agreement under which Microsoft will acquire Skype , the leading Internet communications company, for $8.5 billion in cash from the investor group led by Silver Lake . The agreement has been approved by the boards of directors of both Microsoft and Skype . There are mixed opinions concerning the expected acquisition.  I see the warning signs ahead .  I do think that analyzing important factors such as the number of months Microsoft's profit's sum to 8.5 billion USDs or tax reduction due to acquisition of a Luxemburg based company are irrelevant or at best secondary. Even if a company profits are high, the company could find better investment alternatives, e.g. spending more on R&D , buying other companies or investing in companies without acquiring them. The last option was chosen by Microsoft in order to invest in Facebook . The significant factors are: What Strategy is used for increasing...