Microsoft gets final thumbs up for Nokia buyout

Jamie Feltham

December 5, 2013

Microsoft’s $7.36 billion ( £4.58bn) takeover of Nokia’s devices and services business has been approved by the EU Commission, meaning it is now free to complete the deal.

On Monday (December 2) the acquisition was given the green light by the US Department of Justice.

The EU’s executive body decided the deal would not threaten competition in Europe because Apple and Samsung are strong rivals.

First announced in September, the deal is expected to be completed by March 2014. Upon completion, Nokia’s 32,000 employees will transfer to Microsoft.

About the Author

Jamie Feltham

Videogamer, music listener, squash player, exerciser, technology journalister. Multimedia journalism graduate, writing for the What Mobile mag and website

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