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)
- Ukraine accuses Russia of "undisguised aggression" as rebels advance |
- Disruptive Hong Kong protests loom after China rules out democracy |
- Syrian army, rebels fight on Golan where peacekeepers held |
- European investors look past Ukraine, focus on ECB
- Judge temporarily blocks law that could close all Louisiana abortion clinics