Microsoft seeks EU approval for $7.5 bln Nokia deal

Reuters

BRUSSELS (Reuters) - Microsoft (NSQ:MSFT) has asked EU antitrust regulators to approve its 5.44-billion-euro takeover of Nokia's (HEX:NOK1V) 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.

(Reporting by Foo Yun Chee)

View Comments (0)