Microsoft’s proposed $7.4 billion acquisition of Nokia’s mobile phone business is moving closer to the finish line, having just won approval from China’s Ministry of Commerce. It is a key milestone for the transaction, which sailed through the U.S. and European approval processes with little difficulty or delay. The deal is expected to close this month with 15 regulatory authorities around the world having signed off on it.
China greenlighted the sale without requiring drastic changes to Nokia’s main technology patent practices.
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Microsoft's Nokia Deal Clears China Hurdle
Posted by: Erika Morphy April 9, 2014 06:19 AMMicrosoft’s proposed $7.4 billion acquisition of Nokia’s mobile phone business is moving closer to the finish line, having just won approval from China’s Ministry of Commerce. It is a key milestone for the transaction, which sailed through the U.S. and European approval processes with little difficulty or delay. The deal is expected to close this month with 15 regulatory authorities around the world having signed off on it.
China greenlighted the sale without requiring drastic changes to Nokia’s main technology patent practices.