Microsoft’s $8.5 Billion acquisition of Skype will be completed by October this year, the CEO of the VoIP services provider has informed.
Speaking during the Fortune Brainstorm Tech conference in Aspen, Colorado, Skype CEO Tony Bates informed that the deal was already cleared by the regulators in the US.
"We still have Europe so it's anyone's guess, but I would say we've got a couple of months more here. Maybe sort of an October timeframe would be my guess." Bates said, the AFP reports.
Bates also informed that once the acquisition is complete, Skype will become an entirely new division at Microsoft, and he will be one of the presidents reporting directly to Microsoft CEO Steve Ballmer.
He also dispelled rumours about Microsoft planning to re-brand the most popular VoIP service in the world. Bates said that Skype is “one of the greatest brands in the consumer Internet space”.
“It is a verb. People talk about it in that way. They say Skype me. So, you can expect no change. You can expect strong commitment to the brand,” Bates said.
The CEO also hinted that Skype might go for in-call advertisement in the future but failed to give a definite plan for the roll-out.