Write a short essay that describes the general process that Microsoft would have used to determine how much it was willing to pay for Skype

In 2011, Microsoft acquired Skype (based in Luxembourg) for about $8.5 billion. Write a short essay that describes the general process that Microsoft would have used to determine how much it was willing to pay for Skype. Some analysts claim that Skype as an independent company was not worth $8.5 billion, but that it is worth more than $8.5 billion to Microsoft. Explain this point in your essay?