According to the Financial Times, Microsoft
Microsoft won similar approval from the U.S. Federal Trade Commission in June. Back then, the FTC reasoned that with Google
I'm not saying Microsoft shareholders should be dancing in the streets over this decision. I still agree with fellow Fool Rick Munarriz that Microsoft is vastly overpaying for Skype, which it could have bought from eBay a few years ago for a fraction of the $8.5 billion it's shelling out today. Sure, there's merit to the argument that Microsoft, through its alliances with Yahoo!
But at the very least, now we have some assurance that Microsoft won't be forced to unwind the transaction and write off the (presumed) millions of dollars in due diligence costs and legal fees as a total loss. That's better than a sharp stick in the eye.
Will Microsoft prove all the skeptics wrong and turn Skype into a money-maker? Add the stock to your watchlist to find out.
Fool contributor Rich Smith owns shares of Google. The Motley Fool owns shares of Apple, Microsoft, Cisco Systems, Google, and Yahoo!. Motley Fool newsletter services have recommended buying shares of Yahoo!, Microsoft, Apple, Cisco Systems, and Google. Motley Fool newsletter services have also recommended creating a bull call spread position in Microsoft and Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.