Teleo is a voip service , skype types which failed post beta phase got acquired. This is the probably first time I am coming across a case where a failed beta product gets acquired by none other than the behemoth in the IT industry, MSFT.

Is such a thing possible in India ? How did Teleo in the first place do a sale ? Was it a distress sale ? Did MSFT buy it for peanuts ? we will know more about the deal in the days to come.