Microsoft is one step closer to their acquisition of Skype.

The company has received the required approvals from the US Federal Trade Commission.

Microsoft announced earlier this year that they are going to buy Skype for a price tag of around USD 8.5 billion.

It is not yet clear what Microsoft plans to do with Skype considering the amount of money they are spending on it.

Though Microsoft has already stated that Skype would become a core part of their service platforms including Windows Phone 7 devices.