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Microsoft seeks EU approval for $7.5 bln Nokia deal

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)