*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!

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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)

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