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EU: Microsoft approaches EC with $7.5B Nokia buyout

 |  October 30, 2013

The European Commission has been asked by Microsoft to clear its $7.5 billion buyout of Nokia’s struggling handset business, following the companies’ announcement of the deal last month.

The regulator will decide by December 4 on whether to clear the acquisition.

Reports say the deal is part of Nokia’s plan to change its business focus away from cell phones.

Full content: Reuters

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