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Gone Fishing
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Cisco appeals EU's okay of Microsoft/Skype deal

quote:
Cisco appeals EU's okay of Microsoft/Skype deal
By Nicola Leske and Foo Yun Chee | Thu Feb 16, 2012 3:13am IST

(Reuters) - Cisco Systems Inc (CSCO.O) has challenged EU clearance of Microsoft Corp's (MSFT.O) acquisition of Internet voice and video service Skype at Europe's second highest court, saying the commission should have put tougher conditions on the deal.

"Cisco does not oppose the merger, but believes the European Commission should have placed conditions that would ensure greater standards-based interoperability, to avoid any one company from being able to seek to control the future of video communications," Cisco said on Wednesday.

Cisco launched its apppeal in the EU's General Court in concert with Italian fixed-line and voice over Internet protocol (VoIP) telephone provider Messagenet SpA, a Skype rival.

Microsoft said it was confident the decision would stand up on appeal.

"The European Commission conducted a thorough investigation of the acquisition, in which Cisco actively participated, and approved the deal in a 36-page decision without any conditions," a spokesman said.

...

Read more @ »in.reuters.com/assets/print?aid=···20120215

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