FTC lets Microsoft proceed with purchase of Skype

Jun 19, 2011

The Federal Trade Commission is letting software giant Microsoft Corp. proceed with its largest deal ever, an $8.5 billion bid for web chat and call service Skype.

The FTC announced Friday that it had finished its review of the buyout so it can proceed if the Department of Justice also approves. Both agencies must review any deal worth more than $65.2 million, according to the FTC's website.

Microsoft already has a Skype-like service called Windows Live. But Skype lets users of different kinds of computers and phones chat directly. The deal could let Microsoft sell more and offer more popular business conferencing tools.

Microsoft's bid is more than three times Skype's value 18 months ago when Inc. sold a two-thirds stake to Silver Lake.

Explore further: Banjo's ability to track events in real time gives clients competitive edge

0 shares

Related Stories

Report: Microsoft near deal to buy Skype

May 10, 2011

Microsoft Corp. is nearing a deal to buy the popular Internet telephone service Skype in what could be the biggest deal in the software maker's 36-year history, according to a published report.

Microsoft agrees to buy Skype for $8.5B (Update)

May 10, 2011

(AP) -- Imagine using your Xbox and switching from a game to a video chat with a faraway friend holding an iPad. Or going into your office email to invite Grandma to a virtual family reunion beamed on TV ...

Skype to unveil group video chat function

May 05, 2010

(AP) -- Internet calling service Skype plans a public "beta" test of a group video chat function that lets up to five people participate in a video call simultaneously.

Skype scrambles after service trouble

May 26, 2011

Skype on Thursday was scrambling to fix a problem that caused the globally popular Internet telephone service to be inaccessible for a "small number" of users.

Recommended for you

Mexico City proposes regulations for Uber

15 hours ago

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.