Microsoft seeks EU approval for $7.5 billion Nokia deal

BRUSSELS Wed Oct 30, 2013 6:44am EDT

A photo illustration shows the Microsoft logo displayed on a Nokia phone in Vienna September 3, 2013. REUTERS/Heinz-Peter Bader

A photo illustration shows the Microsoft logo displayed on a Nokia phone in Vienna September 3, 2013.

Credit: Reuters/Heinz-Peter Bader

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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)

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Comments (1)
daikku wrote:
Why are they in a hurry? :0

Oct 30, 2013 8:15pm EDT  --  Report as abuse
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