Wednesday 4 December 2013

Microsoft’s Nokia deal approved by European Commission

Microsoft’s Nokia deal approved by European Commission
Dec 4th 2013, 18:06, by Tom Warren

The European Union has cleared Microsoft’s deal to purchase Nokia’s Devices and Services unit. In a statement released today, the Commission notes that the “overlap of the two companies' activities in this area is minimal and several strong rivals, such as Samsung and Apple will continue to compete with the merged entity.”
Microsoft quickly applauded the move. As a Microsoft spokesperson told The Verge: "We look forward to the date when our partners at Nokia will become members of the Microsoft family, and are pleased that the European Commission has cleared the deal without conditions." The European approval comes just days after the US Department of Justice also gave Microsoft’s deal the go ahead, and paves the way for the...
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