Europe clears Microsoft acquisition of Nokia devices business

FTC approval over the weekend means the acquisition of Nokia's smartphone business can move forward

The European Commission has cleared Microsoft's acquisition of the devices and services division of Finland's Nokia, it said Wednesday.

The decision follows approval of the US$7 billion deal by the U.S. Federal Trade Commission over the weekend. With the two regulatory approvals, the deal is now clear to be completed.

The European Commission said it was granting approval for the deal because a combination of Nokia's handset and smartphone business with Microsoft wouldn't substantially harm competition.

"There are only modest overlaps between the parties' activities and the links between Microsoft's mobile operating systems, mobile applications and enterprise mail server software with Nokia's smart mobile devices are unlikely to lead to competitors being shut out from the market," the commission said in a statement.

The two companies announced plans for the acquisition in early September with Microsoft CEO Steve Ballmer calling it "a bold step into the future" for his company.

Both Microsoft and Nokia have been closely collaborating on smartphones running Microsoft's new Windows Phone operating system. Nokia is Microsoft's biggest Windows Phone partner -- a partnership that will be cemented by the deal.

Both companies expect the acquisition to close in early 2014.

Nokia CEO Stephen Elop will return to Microsoft and run the company's expanded devices team.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

Tags business issuesregulationMicrosoftNokiagovernmentMergers and acquisitions

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service

Comments

Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?