One of the biggest hurdles that most companies deal with when becoming acquired, is the fact that governments have to approve the transaction. Government trade commissions ensure that these deals won’t hinder business for competing companies, or benefits for customers, and that’s exactly what the Chinese government has been doing with the whole Microsoft-Nokia acquisition, which has led to some recent statements from Nokia.
Now to be clear, even though Microsoft has acquired Nokia’s handset division, this only entitles Microsoft to the production of smartphones and feature phones. Nokia on the other hand still owns its “Here” business, aside from its Nokia Solutions, Networks and Advanced Technologies divisions. Nokia still owns all the patents that it has filed for the last couple of decades, and one of the coolest things about this company is that it licenses these patents under non-discriminatory (FRAND) terms with over 60 companies.
For the company to close the deal with Microsoft, it still needs approval from the Chinese government, and in a recent statement, the company has confirmed that it plans to continue being cool with its competition, and that the Microsoft purchase will not make any of these patents exclusive to any party.
Nokia owns a great deal of innovation in all the patents that it owns, and it’s great to see that regardless of who owns what division of the company, the smartphone market will continue to grow thanks to its willingness to share. Wouldn’t it be cool if other companies would do the same?