Wednesday, December 11, 2013

EU court rejects Cisco’s challenge to Microsoft-Skype merger

<p>Microsoft's acquisition of Skype is compatible with European Union competition law, the General Court of the E.U. ruled Wednesday.</p><p>Cisco Systems and Italian Internet communications service provider Messagenet had asked the court to overturn an October 2011 European Commission decision to approve the merger. The court handles actions against the institutions of the E.U.</p><p>The companies had previously asked the Commission to prohibit the $8.5 billion deal announced by Microsoft in May 2011, claiming it was anti-competitive, but the Commission said it did not give rise to competition concerns.</p><p>On Wednesday, however, the Luxembourg-based court issued a ruling dismissing the action in its entirety.</p><p><a href="http://www.techworld.com.au/article/534005/eu_court_rejects_cisco_challenge_microsoft-skype_merger/">Keep reading...</a></p>

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