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Microsoft seeks EU approval for $7.5 billion Nokia deal

SAMAA | - Posted: Oct 30, 2013 | Last Updated: 6 years ago
SAMAA |
Posted: Oct 30, 2013 | Last Updated: 6 years ago
Microsoft seeks EU approval for $7.5 billion Nokia deal

BRUSSELS: 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. ($1 = 0.7262 euros)..–REUTERS

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