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Microsoft seeks EU approval for $7.5 billion Nokia deal | |
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| Time: 16:35 EST/21:35 GMT | News Source: Reuters | Posted By: Byron Hinson | ||
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Microsoft has asked EU antitrust regulators to approve its $7.49 billion (4.66 billion pounds) takeover of Nokia's 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. ($1 = 0.7262 euros) | ||
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