Russia clears acquisition of `Skype` by Microsoft

Last Updated: Tuesday, November 29, 2011 - 18:51

Moscow: Russia`s anti-monopoly watchdog today cleared the acquisition of local division of Skype, the Internet communications company by the Russian subsidiary of Microsoft, according to reports.
Government-run RIA Novosti noted that Microsoft completed its largest ever acquisition deal worth USD 8.5 billion by the middle of October, however, the formal closure of the deal in Russia was postponed pending clearance from the Federal Anti-monopoly Service.

PTI




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