Microsoft seeks EU approval for $7.5 billion Nokia deal
BRUSSELS (Reuters) - 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)
(Reporting by Foo Yun Chee)
- Hong Kong protesters stockpile supplies, fear fresh police advance |
- Protesters stay out on Hong Kong streets, defying Beijing |
- Special Report: Islamic State uses grain to tighten grip in Iraq
- Stocks head for worst quarter since euro crisis, dollar soars
- EBay follows Icahn's advice, plans PayPal spinoff in 2015 |