Printed from http://www.electronista.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 Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Advertisement

toggle

Most Commented

 
toggle

Popular News