Microsoft given regulatory green light for Skype buy
The software giant has been given antitrust approval to buy the VoIP firm.
US antitrust officials have given Microsoft their blessing to close its acquisition of VoIP firm Skype.
The green light appeared in the form of an early termination notice on the Federal Trade Commission's website.
Microsoft announced in May it was buying Skype for $8.5 billion, its biggest-ever acquisition, placing a rich bet on mobile and the Internet to try and best rivals such as Google.
Microsoft's interest in the money-losing, but popular service highlights a need to gain new customers for its Windows and Office software. Skype has 145 million users on average each month and has gained favor among small businesses.
"Skype is a phenomenal service that is loved by millions of people around the world. Together we will create the future of real-time communications so people can easily stay connected to family, friends, clients and colleagues anywhere in the world," Microsoft's chief executive Steve Ballmer said at the time.
Moving forward, Skype will form a new business unit within the software giant, headed up by the VoIP form's former chief executive Tony Bates.
"Microsoft and Skype share the vision of bringing software innovation and products to our customers. Together, we will be able to accelerate Skype's plans to extend our global community and introduce new ways for everyone to communicate and collaborate," he said.
Sign up today and you will receive a free copy of our Future Focus 2025 report - the leading guidance on AI, cybersecurity and other IT challenges as per 700+ senior executives
Ballmer added: "Tony Bates has a great track record as a leader and will strengthen the Microsoft management team.
"I'm looking forward to Skype's talented global workforce bringing its insights, ideas and experience to Microsoft."
ITPro is a global business technology website providing the latest news, analysis, and business insight for IT decision-makers. Whether it's cyber security, cloud computing, IT infrastructure, or business strategy, we aim to equip leaders with the data they need to make informed IT investments.
For regular updates delivered to your inbox and social feeds, be sure to sign up to our daily newsletter and follow on us LinkedIn and Twitter.
-
Document management systems (DMS) in the AI era: How to choose the right solution to create a trusted foundation for your businessSupported In the AI era, documents are no longer just records — they’re strategic assets. A modern DMS provides the secure, intelligent foundation firms need to harness AI, ensure compliance, and build lasting digital confidence
-
The business guide to Windows 11In-depth As Windows 10's mainstream support ends, it's time for businesses who have yet to upgrade to take a second look at Windows 11
-
Beyond the upgrade: How to maximize IT investments and minimize wasteHow to maintain optimal performance and productivity with your fleet of hardware and stave off the next upgrade cycle for a bit longer
-
Energy efficiency and sustainability demands are transforming IT strategywhitepaper How Dell Technologies innovations are leading the way in energy effiency and sustainability
-
Energy efficiency and sustainability demands are transforming IT strategywhitepaper How Dell Technologies innovations are leading the way in energy effiency and sustainability
-
Your guide to smarter printing: 2024 editionWhitepaper Making smarter printing simple for all businesses
-
How to empower employees to accelerate emissions reductionin depth With ICT accounting for as much as 3% of global carbon emissions, the same as aviation, the industry needs to increase emissions reduction
-
How much say does IT really have in sustainability initiatives?ITPro Network Vendors are ready to proclaim their green credentials, but as members of the ITPro Network explain, making changes on the ground can be complex
-
ESG: Designing the ideal digital work experience for the next generation of innovatorsWhitepaper What users want, why it's critical to give it to them, and how the whole organization can benefit
-
A guide to ESG reporting frameworksWhitepaper Guidelines to assist with your approach to ESG reporting
