Today in Tech: Microsoft buys Skype for $8.5 billion by JP Mangalindan @FortuneMagazine May 10, 2011, 10:58 AM EDT E-mail Tweet Facebook Google Plus Linkedin Share icons Fortune’s 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. *Fortune.com revealed its brand spanking new Web site. If you’re a newsletter subscriber and haven’t seen the changes for yourself, head on over! * Multiple reports abound that Microsoft is negotiating to buy popular video calling service Skype for some $8.5 billion, but according to All Things D, the deal is actually already in the bag. The Redmond, Washington-based tech giant will reportedly make the announcement later this morning. UPDATE: Colleague Dan Primack has confirmed the deal. Expect the official announcement shortly. (All Things D and Fortune) * Meanwhile, the Windows Phone 7 team will preview the latest build of Microsoft’s mobile operating system, dubbed “Mango,” on May 24 in New York City. (ZDNET) * Former Acer CEO Gianfranco Lanci on why he was ousted from the computer hardware maker. (All Things D) * Google intends to unveil its cloud music service late today at its I/O conference without the approval of major music labels and publishers. If so, the move echoes Amazon, which launched a similar music service — also sans industry approval — earlier this year. (VentureBeat) * What else to expect at Google I/O… (Phandroid) * YouTube teamed up with Hollywood studios like Universal, Sony Pictures, and Warner Brothers to offer around 3,000 full-length feature films on the video-streaming site, bringing the total number of rentable movie titles to 6,000-plus. Most new releases will start at $3.99, while older titles will go for $2.99. (TechCrunch) * YouTube founders Chad Hurley and Steve Chen acquired Tap11.com, a real-time business platform, just two weeks or so after the two bought Delicious from Yahoo. According to the two, Tap11 will be integrated with their still-enigmatic startup, AVOS. (AVOS) * Tech author Robert Scoble on what he learned from recent interviews with 23 startups, including how the iPad is inspiring some ventures. (Scobleizer) Don’t miss the latest tech news. Sign up now to get Today in Tech emailed to you each and every morning.