Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > US Department of Justice approves $7.2B Nokia-Microsoft deal

US Department of Justice approves $7.2B Nokia-Microsoft deal
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Dec 2, 2013, 04:20 PM
 
The acquisition of Nokia's Devices and Services section by Microsoft has taken one more step towards completion. The US Department of Justice approval in a Federal trade Commission filing has effectively completed the deal's regulatory processes in the United States, effectively leaving just the European regulators standing in its way.

"We look forward to the date when our partners at Nokia will become members of the Microsoft family," reads a Microsoft statement received by The Verge. The company is also "pleased that the Department of Justice has cleared the deal unconditionally."

Nokia headquarters (Espoo, Finland)
Nokia headquarters (Espoo, Finland)


Though the European regulators still have to weigh in on the situation, reports have suggested that the European Commission is close to clearing the sale without any preconditions. Regulators in Russia, Turkey, India, and Israel have already given the all-clear to the sale, leaving Europe the last major milestone for the $7.2 billion transaction to take place. On November 19th, Nokia shareholders voted overwhelmingly in favor of the deal, with 99.7 percent agreeing to it at a special meeting.

As part of the deal, Microsoft will take control of Nokia's headquarters in Espoo, Finland, with the phone maker said to be "quietly preparing to move out" to another nearby location. A large proportion of the 32,000 Nokia employees switching to Microsoft work out of the buildings, which are in fact leased by Nokia after the company sold them last year, with both Microsoft and Nokia advising that personnel will remain there after the purchase.
( Last edited by NewsPoster; Dec 2, 2013 at 04:22 PM. )
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 03:55 PM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2