EU Commission approves Microsoft takeover of Nokia business
By Reuters
Dec 04, 2013 01:04 PM EST
Regions
Nokia chief executive Stephen Elop welcomes Microsoft chief executive Steve Ballmer with a handshake at a Nokia event in London. (Photo : Reuters)
European Union antitrust regulators have approved Microsoft's $7.3 bln acquisition of Nokia's mobile device business without conditions, the European Commission said on Wednesday.
"The Commission concluded that the transaction would not raise any competition concerns," the European Commission said in a statement, adding that it was unlikely "to lead to competitors being shut out from the market".
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