EU regulators to approve or deny Microsoft's Nokia purchase by December

Microsoft announced its plans to acquire Nokia's Devices and Services division nearly two months ago, but before that happens the company has to go through a number of hurdles. That includes getting approval from many government regulatory agencies including Microsoft's old nemesis the European Commission and the antitrust regulation group of the European Union.

Today, Reuters reports that Microsoft has formally asked the European Commission to approve their deal to acquire the smartphone portion of Nokia. The deal, thanks to Nokia's own rising stock price, is now worth 5.44 billion euros, or about $7.49 billion. The commission will decide whether or not to approve the Microsoft-Nokia deal by December 4th. It could extend that date by an additional 10 working days if Microsoft offers up any anti-competition concessions.

Microsoft and the European Commission have already clashed earlier this year when the group fined Microsoft 561 million euros, or $732 million. The penalty was because the commission felt Microsoft violated a 2009 agreement to put a web browser ballot for all Windows-based PCs. Microsoft admitted a number of Windows 7-based PCs did not display the ballot in 2012 but said it was because of a software glitch that it later fixed.

Source: Reuters | Image via Nokia

Report a problem with article
Previous Story

Microsoft: We are working hard 'to finalize the last of the bugs' on Xbox One

Next Story

Here's what Nokia has in store with the Black update

15 Comments

Commenting is disabled on this article.

So if they deny it will Elop finally go to jail? He was paid 20 million to lower the Nokia stock as much as possible after all...

I don't think you realize how often executives change companies...it's a lot more common than you think and they're not trojan horses, they're just career executives.

The CEO of Boeing is now the CEO of Ford. The CEO of JP Morgan and Chase bank used to work for American Express and then used to be pretty high up and influential in Citigroup. The CEO of Intel is on the board of directors at Google. Hell Eric Schmidt (Google CEO) used to be on Apple's board of diectors.

DaveBG said,
So if they deny it will Elop finally go to jail? He was paid 20 million to lower the Nokia stock as much as possible after all...

No matter how hard you troll and how many times you repeat it does not make it true.

DaveBG said,
So if they deny it will Elop finally go to jail? He was paid 20 million to lower the Nokia stock as much as possible after all...

Nokia's stock went down no matter who would have been CEO. Nokia's decision (before elop) to stick with Symbian caused that. the time elop joined Nokia was selling Symbian phones, if you think calling symbian a burning platform and stopping the use of Symbian OS was a bad choice of him then you should be the one to go to jail because Symbian was a crime against humanity

Any reason why companies ask for approval AFTER they announce the purchase? If, in this case, the EU says NO wouldn't that affect MS and Nokia?