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Microsoft seeks EU approval for $7.5 bn Nokia deal

Last Updated: Wednesday, October 30, 2013 - 18:11

Brussels: Microsoft has asked EU antitrust regulators to approve its 5.44-billion-euro 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.

Reuters
First Published: Wednesday, October 30, 2013 - 18:11
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