Microsoft seeks EU approval for $7.5 billion Nokia deal

30 Oct 2013 - {{hitsCtrl.values.hits}}

Microsoft has asked EU antitrust regulators to approve its 5.44-billion-euro ($7.49 billion) takeover of Nokia's phone business as part of a push into the mobile devices business.

The deal, announced last month, includes a 10-year licensing agreement of Nokia's patent portfolio.

The European Commission said it would decide by December 4 whether to clear the acquisition. It can extend the review by 10 working days if Microsoft offers concessions to allay possible competition concerns.

(Reporting by Foo Yun Chee)

(Source : Reuters)

Technology - Main

Microsoft seeks EU approval for $7.5 billion Nokia deal

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