News by Andrew Kameka on Wednesday December 04, 2013.
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Microsoft has cleared the last significant hurdle in its mission to acquire the handset division of iconic Finnish company Nokia. Following the US government approving the purchase on Monday, European regulators have also cleared the deal.
The European Commission concluded that Microsoft purchasing Nokia?s devices and services business, the departments of the company that designs and manufactures smartphones, would not create any competition concerns. The deal was allowed to go forward because of the comparatively small influence that it has on the current mobile landscape. Apple and Samsung are in a much stronger position, so competition is ensured, according to the commission. Regulators also found that Microsoft is unlikely to cut out other Windows Phone vendors like HTC, Samsung, and Huawei or prevent its mobile apps from arriving on other devices.
Microsoft can now turn its attention to integrating Nokia into its operations. Former Nokia CEO Stephen Elop will take over the devices division within Microsoft and start building products for his former and now new employer.
Andrew is based in Miami, Florida.