Microsoft's Skype Deal Approved By FTC, Department Of Justice

Jun 19, 2011 - 15:07
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Microsoft's Skype Deal Approved By FTC, Department Of Justice

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.

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Mike Gallagher Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.