Member access

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


Delayed Quote. Delayed Nasdaq - 05/28 04:00:00 pm
47.45 USD   -0.34%
10:18a DOW MOVERS : Cat, intc
07:38a MICROSOFT : Lenovo and Microsoft Make Devices Even More Personal wit..
News SummaryMost relevantAll newsSector news 

Microsoft Corporation : EU Clears Microsoft-Nokia Mobile Deal

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

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

Stocks mentioned in the article : Microsoft Corporation
React to this article
10:18a DOW MOVERS : Cat, intc
10:01a MICROSOFT : 360 Visibility Releases 360 Property Manager 2015
07:38a MICROSOFT : Lenovo and Microsoft Make Devices Even More Personal with Cortana an..
07:38a Lenovo Sets Vision for Future Ecosystem of Connected Devices at Global Tech W..
04:05a MICROSOFT : Maintenance Connection Certified on Windows 10
05/27DJGoogle's Search for Platforms on Display
05/27DJSilicon Valley Races to Make TV the Next Frontier for Apps
05/27 MICROSOFT : Patent Issued for Extensible Realtime Delegation for Calls, Conferen..
05/27 MICROSOFT : Patent Issued for Controlling Images at Hand-Held Devices
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | 4-Traders
Income Statement Evolution
More Financials