Microsoft Seeks European Commission’s Approval For Nokia Deal

Microsoft NOkia

Microsoft has asked the European Commission to approve its decision to buy Nokia’s Devices and Services unit for €5.44 billion. The deal also includes 10 year patent licensing deal between Nokia and Microsoft. Reuters today reported that the European Commission would decide by December 4 whether to clear the acquisition. Also it can extend the review by 10 working days if Microsoft offers concessions to allay possible competition concerns.

Microsoft and Nokia expects the deal to be completed in Q1 2014. As part of this deal, over 32,000 employees of Nokia will move to Microsoft and Nokia’s factories and offices around the world will continue to operate as is for now.

Source: Reuters

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