European Union Approves Microsoft Purchase of Skype

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Microsoft&Skype
Microsoft&Skype

Microsoft secured EU approval to purchase internet voice and video service Skype for $8.5 billion.

Antitrust regulators in the European Union approved Microsoft’s acquisition of Skype. EU had no objections to a deal that would link the world’s largest software maker with the leading Internet communications service and it would not harm competition in Europe. Microsoft announced its largest-ever acquisition in May. Microsoft, in a statement, called the European approval “an important milestone. We look forward to completing the final steps needed to close the acquisition.” The deal is expected to lead to new customers for Microsoft’s Windows and Office software.

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