EU Court Backs Approval Of $8.5B Microsoft, Skype Deal

Law360, New York (December 11, 2013, 1:44 PM EST) -- A European Union court on Wednesday affirmed antitrust regulators' approval of Microsoft Corp.'s $8.5 billion takeover of video chat provider Skype Technologies SA, shooting down Cisco Systems Inc.'s challenge to the tie-up and finding the transaction didn’t threaten competition in the video communications market.

Although the merged entity would have an 80 to 90 percent share of consumer video communications via Windows personal computers, the General Court of the EU pointed out that in such a rapidly evolving market that dominant position could be short-lived....
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