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)
- Information Technology
- Mergers, Acquisitions & Takeovers