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Internet

EC approves Microsoft takeover of Skype

Monday 10 October 2011 | 10:06 CET | News
The European Commission (EC) has approved the proposed takeover of Skype by Microsoft after deciding that the deal would not significantly impede effective competition in the European Economic Area (EEA). In the area of consumer communications, the investigation found that their operations mainly overlap for video communications, where Microsoft is active through its Windows Live Messenger. However, the Commission considers that there are no competition concerns in this growing market where numerous players, including Google, are active. For enterprise communications, the investigation confirmed that Skype has a limited market presence for these products and does not compete directly with Microsoft's enterprise communication product Lync. In a statement, Microsoft said that it was pleased that the EC had approved the deal and that it was now looking forward to completing the final steps needed to close the acquisition.

Categories: Internet
Companies: Microsoft / Skype
Countries: Europe
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