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European Commission greenlights Microsoft's Skype buy

ZDNet - The European Commission has given the go-ahead for Microsoft's acquisition of Skype, a pioneer in personal VoIP communications, last Friday.

Although Microsoft announced its intentions to buy Skype in May, the software giant had to clear international hurdles before it could complete its acquisition of Skype, which is based in Luxembourg.

"This is an important milestone, as we've now received clearance from both the United States and the European Union," Microsoft's Brad Smith, general counsel and executive vice president, said in a statement. "We look forward to completing soon the final steps needed to close the acquisition."