Report: Era of Game Consoles Coming to an End

Over the last twelve years, various versions of the Xbox, Wii, and PlayStation have been the center of the gaming industry. However, according to a recent report the age of game consoles is coming to an end.

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Categories: Entertainment | Gadgets and Gizmos

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Sony Cuts the Price of PlayStation 3

Good things come to gamers who wait. First, Nintendo slashed the prices of Wii, and now Sony’s PlayStation 3 is $50 cheaper.

Gaming guys and gals can now pick up a PS3 160 GB model for $249 or a 320 GB model for $299. Though Sony didn’t give any reason for the cut, Time Techland believes the company wants to get a jump on sales before the holiday season. Sony last slashed prices in 2009.

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Categories: Entertainment

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Microsoft Buys Skype for $8.5 Billion

Microsoft buys Skype for $8.5 billion

Just a few days ago, it was reported that Google and Facebook were interested in partnering with, and even potentially buying VoIP company Skype. Now, however, Microsoft has announced that it is buying the company for $8.56 billion in cash.

This is the second time Skype has been bought out; after being started in 2003, eBay bought the company in 205 for $3.1 billion. Last year, the company had revenue of $860 million, on which it posted an operating profit of $264 million. Still, overall, it had suffered a $7 million loss and has a long-term debt of $686 million.

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Categories: Deals and Finances | Gadgets and Gizmos

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