Cisco challenges Microsoft-Skype deal
Zee Media Bureau
New Delhi: Network equipment maker Cisco Systems Inc, has appealed that the European Commission should overturn its decision on the purchase of Skype by Microsoft, a news wire has reported.
Cisco’s argument is based on the ground that the Commission made several "manifest errors" in assessing the USD 8.5 billion Microsoft-Skype deal, the wire said.
If Cisco wins the challenge at the Luxembourg-based general court, the European Commission would have to annul its decision, which allowed Microsoft to buy the Internet video and voice company without having to make any concessions.
A decision by the EU's general court can be appealed to the European Court of Justice, the EU's highest court.
Cisco's challenge is one of four court cases against the European Commission's rulings in merger cases.
With Agency Inputs