Microsoft has bought Skype for $8.5 billion.

Right now, we can’t tell if Microsoft overpaid, says Robin Wauters at TechCrunch; Skype is a “valuable asset to own” even though it lost $7 million last year.

Read a roundup of other perspectives over at GigaOM, and watch the press conference at 11 a.m. EDT.

And in case you were worried: “Microsoft will continue to invest in and support Skype clients on non-Microsoft platforms.”