The Federal Trade Commission is letting software giant Microsoft Corp. proceed with its largest deal ever, an $8.5 billion bid for web chat and call service Skype.
The FTC announced Friday that it had finished its review of the buyout so it can proceed if the Department of Justice also approves. Both agencies must review any deal worth more than $65.2 million, according to the FTC's website.
Microsoft already has a Skype-like service called Windows Live. But Skype lets users of different kinds of computers and phones chat directly. The deal could let Microsoft sell more digital advertising and offer more popular business conferencing tools.
Microsoft's bid is more than three times Skype's value 18 months ago when eBay Inc. sold a two-thirds stake to private equity firm Silver Lake.
Microsoft has pulled the plug on a Windows update that snuck Skype onto business PCs.
Corporate admins got a nasty surprise on Wednesday when Skype 5.9 was automatically and silently ...
As it wrapped up its acquisition of Skype, Microsoft again assured users that it would continue to develop versions for platforms other than Windows.
Earlier today, Microsoft announced that ...
Antitrust regulators in the European Union today approved Microsoft's $8.5 billion acquisition of Skype, the online telephone and chat giant.
"The Commission considers that there are no competition concerns ...
Another Microsoft me-too Web 2.0 project looks to be headed for the chop with Skype's proposed purchase of a mobile messaging start-up.
Skype is buying GroupMe, another app masquerading as ...
A newly patented Microsoft technology called Legal Intercept that would allow the company to secretly intercept, monitor and record Skype calls is stoking privacy concerns.
Microsoft's patent application for ...
Microsoft silently kills silent, automatic Skype install via
Microsoft reassures Apple, Android users of Skype
EU antitrust regulators give Microsoft-Skype deal green light
Skype gulps group app as it is swallowed
Microsoft patents spy tech for Skype