Microsoft seeks EU approval for $7.5 bn Nokia deal
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.