Craig Walker

Today in Tech: Facebook wants Skype, Cisco reorganizing

May 5, 2011: 11:48 AM ET

A curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.

  • Facebook and Google are each reportedly negotiating a partnership with Skype, though Facebook is also considering buying the free calling app-maker altogether. Any such deal would hypothetically be valued at between $3 to $4 billion, significantly more than the $1 billion Skype's impending initial public offering (IPO) would raise. (Reuters)
  • Cisco just announced a company-wide reorganization that will "streamline" the sales service and engineering divisions. Now the priority is five big areas, from its "Core" business, including routing, switching and services to data center virtualization and cloud. The move comes less than a week before Cisco reports its latest quarterly earnings. (All Things D)
  • AOL CEO Tim Armstrong on why the Internet giant invested $40 million into the hyper local newspaper hub for the second quarter in a row. (Business Insider) More
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