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Microsoft is killing off Skype and moving users to Teams

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Microsoft announced it would shut down its once-popular video conferencing app on May 5 .

Existing users can transition to Teams using their Skype credentials and keep chats and contacts.

Skype, created by six Estonian developers, was launched in 2003 .

Microsoft took over Skype from eBay in 2011 for a whopping $ 8.5Bn .