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October 7, 2011 08:26 pm GMT
The European Commission has cleared Microsoft's $8.5 billion proposed acquisition of Skype. As announced in May, Microsoft entered an agreement to acquire Skype for $8.5 billion in cash. With this approval, the acquisition can now take place. The deal got U.S. regulatory approval from the FTC in June. At the time of the acquisition, Microsoft and Skype said they "hope to obtain all required regulatory clearances during the course of this calendar year. Clearly their wish came true.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uiBi4aX3pN4/
Done Deal: EU Approves Microsofts $8.5 Billion Acquisition Of Skype
The European Commission has cleared Microsoft's $8.5 billion proposed acquisition of Skype. As announced in May, Microsoft entered an agreement to acquire Skype for $8.5 billion in cash. With this approval, the acquisition can now take place. The deal got U.S. regulatory approval from the FTC in June. At the time of the acquisition, Microsoft and Skype said they "hope to obtain all required regulatory clearances during the course of this calendar year. Clearly their wish came true.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uiBi4aX3pN4/
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