Microsoft: The Devices and Consumer Segment Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Microsoft: The Devices and Consumer Segment

MSFT 508.66

-1.2%

2:16 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Eric L	12/5/2013 12:21:13 PM
	of 154

Bang!: US DOJ clears Microsoft-Nokia deal (November 29) ... >> U.S. Department of Justice gives Microsoft-Nokia deal the OK Summary: The U.S. DOJ has given its approval to Microsoft's planned $7.2 billion acquisition of Nokia's devices and services business. zdnet.com Microsoft went public with plans to buy Nokia's devices and services business, plus license a number of its patents, for $7.2 billion in September. Microsoft officials have said they expect the transaction to be completed around the first quarter of 2014. The U.S. Department of Justice (DOJ) has given its approval to Microsoft's pending acquisition of Nokia's mobile devices and services business. The transaction got the DOJ nod on November 29, according to the Federal Trade Commission's Bureau of Competition notification on December 2 . (See Below) "We look forward to the date when our partners at Nokia will become members of the Microsoft family, and are pleased that the Department of Justice has cleared the deal unconditionally," said a Microsoft spokesperson in a prepared statement. Last month, Nokia shareholders gave their approval to the deal during an extraordinary general meeting in Helsinki. Indian authorities gave their approval to the Microsoft-Nokia deal earlier this fall. The next hurdle for the deal will be the European Union. Antitrust regulators there are on tap to decide whether or not Microsoft's bid breaches the EU's competition rules. Reuters reported in October that the European Commission would decide by December 4 whether or not to clear the acquisition. (It can extend the review by an additional 10 business days if needed to weigh possible concessions by Microsoft if there are any concerns.) ### # # # - Eric L. -

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next