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Microsoft granted permission by US government to purchase Nokia device unit

Newsbrief by Andrew Kameka on Monday December 02, 2013.

nokia news · windows phone news · industry news · andrew kameka

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Microsoft's planned acquisition of Nokia has been approved by the US Department of Justice and the FTC. With both regulatory agencies approving of the deal, Microsoft needs only the go-ahead from the European Union to make the deal official. Nokia shareholders have already voted in favor of selling its handset division for $7.2 billion dollars. The deal will see the company maintain its networking operations but sell smartphone facilities, patents, and workforce to Microsoft.

source: FTC (PDF), via: The Verge

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