Today Facebook will make an “awesome” announcement at 10 a.m. PST (1 p.m. EST). It’s rumored to be a more in depth partnership with Skype, which will integrate video chat directly into Facebook.

We first heard rumblings of a Skype-powered video chat last year, but nothing ever came to fruition. But, with the release of Google+, and Hangouts (video chat feature), Facebook needed to add comparable service to keep up with the Jones’.

If you didn’t receive an invitation to the event, don’t fret, you can watch the announcement on Facebook’s Live channel. We’ve also embedded the player below for your viewing pleasure.

Be sure to stay tuned to WebProNews as we’ll bring you all the breaking news as it’s announced.