US regulator approves Microsoft purchase of Nokia
The US Department of Justice on Monday approved Microsoft’s $7 billion
purchase of Nokia’s handset unit, removing a major obstacle to the
transaction.
The decision, announced by the Federal Trade Commission, means that the
deal will be finalised as soon as European Commission regulators add
their approval, which is expected.
Microsoft announced the deal in September, including the rights to Nokia
patents as well its smartphone products which are the main
implementation of Microsoft’s Window’s phone software. About 32,000
Nokia employees are expected to join Microsoft. Nokia shareholders
approved the deal last month.
“We look forward to the date when our partners at Nokia will become
members of the Microsoft family, and are pleased that the Department of
Justice has cleared the deal unconditionally,” Microsoft said in a
statement.
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