Skype fires top execs as Microsoft deal moves forward

Skype fires top execs as Microsoft deal moves forward

Credit: KING

Skype fires top execs as Microsoft deal moves forward

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by KING 5 News and Associated Press

NWCN.com

Posted on June 20, 2011 at 10:44 AM

Skype has reportedly fired a string of top executives — including four vice presidents and the heads of human resources and marketing — before the company is acquired by Microsoft, reports Geekwire.com.

Bloomberg News reported the news Sunday night, expanding upon a story first reported by Skype Journal.

Skype is expected to operate as its own division inside Microsoft following the completion of the $8.5 billion deal, the largest in the Redmond company’s history.

It's now up to the Justice Department to OK Microsoft's proposed $8.5 billion purchase of Skype.
  
The Federal Trade Commission says it's finished its review of the deal and is allowing it to proceed. Both agencies must review any deal worth more than $65.2 million.
  
Microsoft already has a Skype-like service called Windows Live. But Skype lets users of different kinds of computers and phones chat directly. The deal could let Microsoft sell more digital advertising and offer more popular business conferencing tools.
  
Microsoft's bid is more than three times what Skype's value was 18 months ago, when eBay sold a two-thirds stake to private equity firm Silver Lake.
 

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