The European Union has approved Microsoft’s buy of Skype, paving the way for the deal to be closed.
Sources say that the purchase will be concluded next week. It will be Microsoft’s largest-ever acquisition at $8.5 billion.
Initially, Skype will be run as an independent division and all its current products will continue forward — there’s no big integration plan in place for day one.
Eventually, however, Skype could be integrated into numerous products, including Lync (Microsoft’s corporate messaging product), Xbox Live, and Windows Live Messenger.
Update: Here’s Microsoft’s statement on the approval.