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European Commission gives go-ahead for Microsoft’s Nokia acquisition

SteveBallmerandNokia_WebFollowing Monday’s announcement that the U.S. Justice Division has cleared Microsoft’s acquisition of Nokia’s Units and Companies enterprise for $7.2 billion, the European Commission announced today that after reviewing the deal, it is usually giving Microsoft the all clear to make the acquisition with out circumstances.

The deal was first introduced in early September of this yr, and can convey the biggest producer of Home windows Telephone units below Microsoft’s roof as part of its {hardware} division.

Apparently, Home windows Telephone’s comparatively small share of the smartphone market could have labored to Microsoft’s benefit within the acquisition. Within the Commission’s press launch, Microsoft’s lack of cellular market share was ceaselessly cited as a purpose for the corporate to make applied sciences like Skype out there to customers of different cellular platforms.

Stephen Elop, Nokia’s former CEO, can be coming again to Redmond to go up Microsoft’s {hardware} division. He’s additionally reportedly within the operating for Steve Ballmer’s job, however current rumors peg him as less likely to get the nod.

The Commission seems to be the final regulatory hurdle Microsoft must clear earlier than it may full the acquisition, which signifies that Microsoft is quickly going to have many extra Finns on its payroll.

We reached out to Microsoft for touch upon this text, and can replace the piece after we hear again.

Beforehand on GeekWire: Make no mistake: Nokia is Microsoft’s biggest deal ever
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