EU court rejects Cisco challenge to Microsoft's Skype takeover

Europe’s second highest court has rejected Cisco’s challenge of Microsoft’s Skype acquisition. The European Commission approved the $8.5 billion deal in 2011, but Cisco sought to strip the EU approval almost a year later. Cisco argued at a hearing earlier this year that Microsoft’s acquisition of Skype created a monopoly, and that conditions should have been placed on the deal. Microsoft has since integrated its Lync communications service into the Skype platform to produce a proprietary system.

Reuters reports that the European General Court said Cisco failed to demonstrate how Microsoft’s acquisition of Skype would harm competition. "Microsoft's acquisition of Skype is compatible with the internal market," said the judges....

Continue reading…



Continue reading...