microsoft-nokia
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Microsoft's Nokia acquisition now a done deal with final EU approval
Prepare for a world of Microsoft-made Windows Phone 8 devices. Hot on the heels of yesterday's Department of Justice decision, Reuters is reporting that the European Commission has granted final approval of Microsoft's acquisition of Nokia. The $7.35 billion deal, which is now all guaranteed, will see Nokia's mobile assets folded into the Microsoft camp, effectively giving Microsoft an end-to-end smartphone vertical for its Windows Phone 8 line, as well as a treasure trove of related patents. There's still no word on whether Nokia's former CEO Stephen Elop will helm Microsoft in Ballmer's absence. But with this merger out of the way, we expect that'll be next on Microsoft's to-do list.
With the DOJ's approval, Microsoft-Nokia deal is one step closer to reality
Over the weekend, the U.S. Department of Justice gave its blessing to the pending Microsoft-Nokia acquisition, leaving Redmond one step closer to buying the Finnish company's devices and services business for a cool $5 billion. Last month, Nokia shareholders approved the transaction, and this latest hurdle means that the deal could be on track for approval in early 2014, as Microsoft previously stated. That doesn't mean there aren't any more hoops to jump through, however; next up is getting the thumbs-up from the EU, which will reportedly make its decision by December 4th.
