
Microsoft Skype deal
Microsoft is expected to win EU approval for its $8.5 billion acquisition of Skype.
The deal will be announced by the EU competition commissioner, Joaquín Almunia, by Friday October 7. The Financial Times reported on Wednesday that Almunia has made his decision and that Microsoft will not be subjected to a second-phase investigation. An Italian software company filed a complaint in Europe over Microsoft’s purchase of Skype in late September. Messagenet, a software firm based in Milan, voiced concerns that Microsoft may attempt to bundle Skype with its Windows operating system. The complaint could have delayed Microsoft’s deal in Europe. Microsoft is still waiting on results from competition reviews in Russia, Uktrain, Serbia and Taiwan.
The software giant announced its plans to purchase Skype in May. Microsoft’s deal is valued at $8.5 billion cash and will see Skype CEO Tony Bates assume the title of president of the Microsoft Skype Division at the firm. Bates will report directly to Steve Ballmer. Microsoft has previously promised that Skype will support Microsoft devices like Xbox and Kinect, Windows Phone and a wide array of Windows devices, and Microsoft will connect Skype users with Lync, Outlook, Xbox Live and other communities.
The Federal Trade Commission (FTC) approved the U.S. side of the deal in June. Microsoft’s European Commission approval will see Microsoft part with $8.5 billion for its purchase of Skype. The software maker has made assurances that it has no plans to alter Skype’s branding. Microsoft is getting “one of the greatest brands in the consumer Internet space,” said Skype CEO Tony Bates in a recent interview. “It is a verb. People talk about it in that way. They say Skype me.” Bates reassured Skype users that nothing will change, “you can expect strong commitment to the brand,” he added.
Skype currently has 170 million connected users and saw over 207 billion minutes of voice and video conversations in 2010 alone. Microsoft’s promise for Windows Phone, Xbox and Kinect Skype integration confirms that the company will look to use Skype broadly across its products. Skype was originally founded in 2003 and acquired by eBay in September 2005. An investment group led by Silver Lake acquired Skype in 2009. Microsoft refused to provide any comment on Friday regarding the FTC approval