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Broadband

EU set to approve Microsoft takeover of Skype - report

Thursday 6 October 2011 | 10:41 CET | News
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.

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Categories: Internet
Companies: Microsoft / Skype
Countries: Europe / World
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