A PYMNTS Company

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

By  |  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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Tech Week Europe

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.