EU set to approve Microsoft takeover of Skype - report

News Broadband Europe 6 OCT 2011
EU set to approve Microsoft takeover of Skype - report
The EU is set to approve Microsoft's proposed USD 8.5 billion acquisition of Skype, reports the Financial Times. Despite complaints from rivals about Microsoft bundling Skype with Windows, EU Competition Commissioner Joacquin Almunia is understood to be ready to approve the deal without any remedies. This means the deal would be cleared without a lengthy second-phase investigation. The US Federal Trade Commission (FTC) approved the deal in June, with competition reviews still ongoing in Taiwan, Serbia, Ukraine and Russia.

Categories:

Internet

Companies:

Microsoft,  Skype

Regions:

Europe,  Global

Tags:

Unified communications, Messaging, Company, Services, Corporate, M&A buyouts & divestments

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EUROPE 10 OCT 2011

EC approves Microsoft takeover of Skype

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

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