The Nokia-Microsoft deal will get unconditional approval from the EU, says report

Despite Nokia shareholders voting almost unanimously in favor of the Microsoft acquisition, the deal, which is planned to be finalized in the first quarter of 2014, still has a couple of hurdles ahead, like regulatory approvals, in order to happen. According to Reuters, one of these biggest hurdles, is not going to be a problem for the two companies and their deal.

Citing “two people familiar with the matter”, Reuters is reporting that the EU will offer “unconditional” approval for the 5.44-billion Euro deal. “The Commission is expected to clear the deal without conditions”, mentioned one of these unnamed sources, with regards to the European Commission.

Microsoft and Nokia announced the acquisition of Nokia’s Devices and Services division on September 3, and a certain December 4 deadline is being rumored for the European Commission’s decision. While there was no official comment from neither the Commission, Microsoft, nor Nokia, regulators in Russia, India, Turkey and Israel have “already given the green light to the deal”, reports Reuters.

Source: Reuters

Share This Post

Watch the Latest Pocketnow Videos

About The Author
Anton D. Nagy
Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.