toggle

AAPL Stock: 122.59 ( -0.8 )

Printed from http://www.macnn.com

Microsoft expects Skype buyout to close by October

updated 02:50 pm EDT, Fri July 22, 2011

$8.5 billion deal on track subjet to EU scrutiny

Tony Bates, Skype's CEO said yesterday that he expected Microsoft's $8.5 billion acquisition of the Internet voice and video services provider to be completed by October. The transaction still requires approval from the EU's regulatory bodies, but he expects that, as in the US, it will proceed smoothly. Once that happens, it should only be a matter of a couple of months.

Bates made his comments during a session at the Fortune Brainstorm Tech conference being held this week in Aspen, Colorado.

Bates went on to say that Skype would remain a stand-alone entity, and that he expected to remain as president, at parity with the presidents of Microsoft's five other business units. He added that he believed the highly visible Skype brand would remain untouched.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented