Microsoft has announced the arrival of Office 365 Home Premium, a “reinvention” of the company’s flagship Office product line for consumers. It’s a cloud service that provides the latest Office apps that can be used across five Windows-based devices and Macs. The annual subscription fee will be a meaty $99.99 USD, the equivalent to $8.34 USD per month. “Today’s launch of Office 365 Home Premium marks the next big step in Microsoft’s transformation to a devices and services business,” said Steve Ballmer, CEO of Microsoft. “This is so much more than just another release of Office. This is Office reinvented as a consumer cloud service with all the full-featured Office applications people know and love, together with impressive new cloud and social benefits.” According to Microsoft, Office 365 Home Premium provides one licence that can be shared across five devices which can be activated and deactivated when needed. Also included in the mix is Office on Demand, an extra 20 GB of cloud storage in SkyDrive, and 60 free Skype world calling minutes per month. All of a sudden, Office 365 Home Premium sounds like a great deal. From KhaleeTimes