Microsoft seeks EU approval for $7.5 bln Nokia deal

Reuters

BRUSSELS, Oct 30 (Reuters) - Microsoft has asked EUantitrust regulators to approve its 5.44-billion-euro ($7.49billion) takeover of Nokia's phone business as partof a push into the mobile devices business.

The deal, announced last month, includes a 10-year licensingagreement of Nokia's patent portfolio.

The European Commission said it would decide by Dec. 4whether to clear the acquisition. It can extend the review by 10working days if Microsoft offers concessions to allay possiblecompetition concerns.

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