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EU: Cisco slams EU for admittance of Microsoft, Skype deal

 |  May 31, 2013

Cisco Systems have slammed the European Commission for what the communications company described as a “careless” approval of Microsoft’s buyout of online communications application Skype. The deal, made for $8.5 billion, occurred in 2011. The remarks, made by Cisco officials, were part of an ongoing case between Cisco and Microsoft disputing whether the merger approval should be annulled by European officials. According to lawyers for Cisco, the Commission should have issued conditions on its approval of the buyout as the move allowed Microsoft to have a near-monopoly in the video communications market. It was a buyout, said Cisco, that unfairly squeezed out competitors through “so many factors” that could harm competition.

Full Content: Tech Week Europe

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