Monday, October 10, 2011

Microsoft Corporation (NASDAQ:MSFT) Gets Skype Buy Approval

Microsoft Corporation (NASDAQ:MSFT) has received the nod for its Skype
acquisition. Microsoft Corporation (NASDAQ:MSFT) Gets Skype Buy Approval
Microsoft Corporation (NASDAQ:MSFT) announced that it has won approvals from the
European Union and the United States to proceed with its Skype acquisition. This
$8.5 billion deal marks the largest investment of Microsoft Corporation
(NASDAQ:MSFT) since its 2007 $6 billion purchase of aQuantive. It is one of the
strategic moves Microsoft Corporation (NASDAQ:MSFT) has set in place to reclaim
its presence and market share in the smartphone and tablet PC arena. Brad Smith,
General Counsel and Executive Vice President, Microsoft Corporation
(NASDAQ:MSFT), said that, "We're pleased that the European Commission has
approved Microsoft Corporation (NASDAQ:MSFT)'s acquisition of Skype. This is
an important milestone, as we've now received clearance from both the United
States and the European Union. We look forward to completing soon the final
steps needed to close the acquisition, bringing together the employees of
Microsoft Corporation (NASDAQ:MSFT) and Skype, and creating new opportunities
for people to communicate and collaborate around the world". Microsoft Corp.
(NASDAQ:MSFT) shares are currently standing at 26.25. Price History Last Price:
26.25 52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 25.7 6 Month
Price Change %: 0.7% 12 Month Price Change %: 7.0%

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