One of the largest computer software and hardware manufacturer, Microsoft can finally buy Skype, the internet phone and video conferencing service provider. Earlier last month in May when Microsoft announced that they will be buying Skype and all their technologies, it had to clear one hurdle before the takeover could complete, getting a nod from US antitrust.
US antitrust is a body that prohibits unfair business practice and monopoly in market. The aim of the US antitrust body is to increase competition in the market which will eventually help customers. Microsoft thus needed a nod to buy Skype.
Acquisition of Skype will be the biggest ever takeover deal Microsoft has ever completed. For a price of $8.5 billion, Skype did not come cheap. Microsoft believes in Skype's technology and knows that the futures belongs to the internet and its services.
Currently Skype has over 145 million users. Microsoft now plans to integrate their services like Office in the Skype application in order to increase their reach. Other products which will see Skype getting added include Xbox and Windows Phone.