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

Sponsor

Recent Reviews

ActvContent Sync Smartband

Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

RocketStor 6324L Thunderbolt 2 eSATA bridge

Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

Patriot Stellar Boost XT 64GB USB 3.0 drive

A vast selection of USB memory sticks means that consumers can often find exactly the size drive they need in a configuration that can ...

Sponsor

toggle

Most Commented

 
toggle

Popular News