EU gives Microsoft a ‘go ahead‘ on Skype acquisition

Over the past few months, news about the technology giant, Microsoft’s plans of buying out the widely used internet calling service, Skype has gained a lot of prominence, and this can be attributed to several factors. Firstly, Microsoft had announced that it was willing to buy Skype for a whopping $8.5 billion; thereby giving Skype’s shining reputation a major facelift. Secondly, with the popularity of Skype coming under the wings of a giant like Microsoft, industry analysts, tech enthusiasts, alike were quite sure that great things were on their way. However, all this while EU had not given its approval to the entire deal, despite the U.S. Federal Trade Commission agreeing to its terms.Click here for full story