Yahoo! buys Rockmelt social browser

Yahoo! has been on a shopping spree lately and its latest acquisition is none other than Rockmelt a web browser with deep social inclinations. RockMelt started out as a social-focused web browser that tied into Facebook and Twitter. it then developed into a Flipboard like auto-formatted magazine and social reader. Now that it has been bought, Rockmelt's apps and services will be shut down as of August 31. Check out Rockmelt's announcement after the break.

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Breaking News: Microsoft buys Skype for $8.5 Billion

By Gadjo Cardenas Sevilla

Microsoft has acquired internet telephony service Skype for a whopping US $8.5 Billion. A Wall Street Journal report  early today confirmed the Redmond software giant had beaten the likes of Facebook, Google and Cisco who were vying to purchase Skype from its previous owner eBay.

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