Menu
Europe clears Microsoft acquisition of Nokia devices business

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


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesMicrosoftregulationNokiagovernmentMergers and acquisitions

Featured

Slideshows

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments