The deal with see Microsoft purchase Nokia’s mobile services division, which will give Microsoft ownership of Nokia’s Lumia brand and Nokia’s smartphone technology, Microsoft are paying Nokia $7.2 billion in the deal.
The deal also includes a 10 year liscensing agreement between the two companies for the next 10 years, and now it would appear that the acquisition is about to be approved by the European regulators.
According to a recent report by Reuters, Microsoft is expected to receive unconditional approval from the EU, and the EU competition watchdog will rule on the deal by the 4th of December.
The deal is expected to be finalized between Nokia and Microsoft early in 2014, and it will be interesting to see what happens with Nokia’s Lumia devices when they are under the control of Microsoft.
Nokia has been gaining ground with its Nokia Lumia smartphones over the last few months, which has also boosted the adoption of Microsoft’s Windows Phone platform.
Microsoft obviously thinks that its acquisition of Nokia’s smartphone business can help it take on the like of Apple and Google and their mobile platforms, whether Microsoft will be able to catch up to the top two players remains to be seen.
Source ReutersFiled Under: Mobile Phone News, Top News