Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Microsoft Corporation    MSFT   US5949181045

MICROSOFT CORPORATION (MSFT)

542
Delayed Quote. Delayed Nasdaq - 09/02 09:55:12 am
45.0299 USD   -0.88%
3h ago MICROSOFT : accidentally teases Windows 9
4h ago RELIANCE : Ril, microsoft to bankroll & guide startups
6h ago SONY : wooing Japanese to PS4 with Dragon Quest
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Microsoft Corporation : EU Clears Microsoft-Nokia Mobile Deal

12/04/2013 | 12:11pm US/Eastern
Recommend:
0

BRUSSELS--Microsoft Corp. (>> Microsoft Corporation) on Wednesday won unconditional approval from the European Union to buy Nokia Corp.'s mobile phone business, a deal the U.S. software giant hopes will propel it into the market for digital devices.

The 5.4 billion euro ($7.2 billion) purchase includes a 10-year licensing agreement of the Finnish smartphone maker's patent portfolio and its smartphone products.

The approval was widely expected and comes two days after the U.S. Department of Justice and the Federal Trade Commission cleared the deal.

The European Commission, the EU antitrust authority, said it found "minimal overlap" of the companies' activities.

"Several strong rivals, such as Samsung and Apple, will continue to compete with the merged entity," the commission said in a statement.

The company has said it expects the deal to close in the first quarter of 2014.

Nokia agreed to the deal in September after struggling to recover from its late entry in the smartphone business. About 32,000 Nokia employees are expected to join Microsoft.

Nokia shareholders agreed to the sale last month.

The company was once Finland's flagship, worth 4% of the national gross domestic product.

--Write to Vanessa Mock at vanessa.mock@dowjones.com

Stocks mentioned in the article : Microsoft Corporation
Recommend :
0
React to this article
Latest news on MICROSOFT CORPORATION
3h ago MICROSOFT : accidentally teases Windows 9
4h ago RELIANCE : Ril, microsoft to bankroll & guide startups
6h ago SONY : wooing Japanese to PS4 with Dragon Quest
7h ago MICROSOFT : Oakwood Systems Group Recognized as the 2014 Microsoft North Central..
9h ago U.S. business lobby says concerned China antitrust probes unfair
1d ago MICROSOFT : Smart and affordable
1d ago AOL : Putting profit in intellectual property
1d ago MICROSOFT : announces Lumia 530 is available in UAE
1d ago MICROSOFT : Nokia x2 now available in oman
1d ago MICROSOFT : Platinum Sponsor of 2014 Demo Africa
Advertisement
Chart
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | 4-Traders
Income Statement Evolution
Microsoft Corporation : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF