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EU: Microsoft expects unconditional permission for Nokia buyout

By  |  November 25, 2013

Microsoft is reportedly expecting the European Commission to clear its $7.2 billion buyout of Nokia’s handset business following approval of the deal by Nokia shareholders last week.

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    As the Commission is set to rule on the deal on December 4, the companies said they expect the buyout to finalize in early 2014.

    The deal includes a decade-long licensing agreement as Nokia aims to turn away from its smartphone business.

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