Cisco challenges Microsoft takeover of Skype in EU
Networking company Cisco said Wednesday that it is challenging Microsoft's $8.5 billion takeover of Skype, based in Luxembourg, at the European Union's top court to ensure Microsoft won't block other video conferencing services.
(AP) Networking company Cisco said Wednesday that it is challenging Microsoft's $8.5 billion takeover of Skype, with a base in Luxembourg, at the European Union's top court to ensure Microsoft won't block other video conferencing services.
Microsoft completed the deal in October shortly after the European Commission, the EU's competition regulator, cleared the takeover. Microsoft Corp. hopes that owning Skype will allow it to better compete with other tech giants including Apple Inc. or Google Inc.
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