• TechCrunch, Monday, August 30, 2010 11:22 AM

Skype might not get a chance to complete its IPO if Cisco has anything to say about it. The tech giant, which has been on a extended acquisition spree, has made an offer to buy the VoIP service, reports TechCrunch, citing one of its "more reliable sources." No doubt, "This would be one very big acquisition," notes TechCrunch.

"Skype insiders are hoping for an out of the gate valuation of $5 billion or so, we've heard. Presumably Cisco would have to bidding in that range to make it interesting." According to TechCrunch, Google was rumored to be kicking Skype's tires, but antitrust concerns likely dissuaded the search giant from making a formal offer. If the acquisition goes through, it would mark Cisco's fouth this year. Just last week buying online video content manager ExtendMedia for an undisclosed sum. In May, meanwhile, it bought up optical-networking company CoreOptics and product design consulting firm Moto Development Group.

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