FTC Approves Microsoft’s Acquisition of Nokia’s Handset Unit

Posted by at 10:54 am on December 2, 2013

FTC LogoThe U.S Federal Trade Commission today approved Microsoft’s proposed $7.2 billion purchase of Nokia’s handset business.

Microsoft first announced the plan in early September. With the U.S. government on board, Microsoft is one step closer to absorbing Nokia’s phone-making capabilities. Nokia’s shareholders have already approved the deal. Nokia switched to Microsoft’s Windows Phone platform in 2011 and has since become the world’s foremost supplier of Windows Phone handsets.

Nokia will continue to run its networking business and will retain rights to the Nokia brand.

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email


Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2020 · StreetCorner Media , LLC· All Rights Reserved ·