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Microsoft’s Nokia deal gets Chinese approval

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Microsoft’s Nokia deal gets Chinese approval

Microsoft’s buyout of Nokia has cleared one of its final regulatory hurdles, after authorities in China gave the thumbs up to the multi–billion dollar deal.

The news means that China joins the European Commission and the United States Department of Justice in giving its blessing to the takeover.

With this last major requirement finalised, the sale of Nokia’s devices and services businesses to Microsoft is expected to be completed by the end of April.

Nokia and Microsoft revealed their initial plans back in September last year.

Since then, Nokia has continued to launch new devices, using both Microsoft’s Windows Phone platform as well as a tweaked version of Google’s Android as part of its X Series.

It’s unclear whether the latter will be a one–off release once Microsoft takes control later this month. Microsoft remains keen to have its own mobile ecosystem and hardware business, aping Apple’s successful approach.

Nokia will continue as a smaller, separate company. Under the terms of the agreement, it will not be able to make and release mobile phones for two years.

Source:

Nokia

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