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US: DOJ announces decision on Microsoft, Nokia deal

By  |  December 2, 2013

The US Department of Justice has reportedly cleared Microsoft’s proposed buyout of Nokia’s handset operations, the Federal Trade Commission announced Monday. According to the FTC, the DOJ approved the deal November 29.

In a statement, Microsoft said it is “pleased” authorities have unconditionally approved of the deal, which remains under review by the European Commission, which said it plans to rule on the deal this week unless it decides to extend the review.

Nokia shareholders have previously voted in favor of the buyout as the company looks away from its mobile device operations, which have been struggling in recent years.

The $7.2 billion buyout was first announced last September.

Full Content: ZDNet

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