Tuesday, August 30, 2005

MSFT acquires Teleo - undisclosed amount

"Microsoft moved to build its presence in the booming Internet telephony market on Wednesday, purchasing Teleo Inc., a Californian company that lets users make calls from their computers to regular phones."

[Reuters]

Here's an article from Techdirt.
Other related past news. Doesn't seem like Teleo raised any venture financing. Here's another article from IT World that says Skype is one-upped by Teleo

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