Feeds

US Justice Department on Microsoft's Nokia acquisition: 'Go for it'

Next stop: The European Union's antitrust regulators

High performance access to file storage

The US Department of Justice has given its approval to Microsoft's acquisition of Nokia. The next step in the deal's finalization will up to the EU, which has said that it will issue its decision this Wednesday.

The DOJ's go-ahead came in the form of a notice, released Monday by the US Federal Trade Commission's Bureau of Competition, that approval for the deal had been issued last Friday.

According to Reuters, the EU is poised to approve the acquisition. As one of Reuters' sources told them, "The [European] Commission is expected to clear the deal without conditions."

The acquisition was announced in early September, when Microsoft said it had offered to acquire "substantially all" of the Finnish phonemaker's Devices & Services business for €3.79bn ($5.14bn), including the Lumia brand and products.

In addition, Microsoft will also pop another €1.65bn ($2.24bn) to license Nokia patents for 10 years and license and use the company's mapping services. The total price tag for the the deal – we'll do the math for you – will be €5.44bn ($7.37bn).

Nokia's shareholders approved the deal in mid-November at a meeting attended by 5,000 in the Helsingin Jäähalliin (Helsinki Ice Hall), at which the company's interim CEO Risto Siilasmaa glumly intoned, "I understand the melancholy that many people have told me they feel."

In addition to acquiring Nokia's phone biz and licensing its patents and mapping services, Microsoft will also take over Nokia's Espoo, Finland, headquarters and anger hundreds of Chinese workers. ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.