Microsoft Asks EU to Approve Its Nokia Acquisition
Microsoft has requested that European antitrust regulators approve its proposed acquisition of Finland's Nokia. Microsoft announced its intent to purchase Nokia's handset business for $7.5 billion last month. The European Commission said that it will device no later than December 4 on whether or not it will approve the deal. The deal needs to be approved by U.S. regulators, as well. Nokia is the world's largest purveyor of Windows Phones, Microsoft's smartphone operating system.
Europe Approves Nokia's Purchase of Alcatel-Lucent
The European Commission today gave Nokia permission to move forward with its acquisition of rival Alcatel-Lucent. Following its initial review, the Commission approved the deal without placing any conditions on the terms.
Nokia Pins Smartphone Comeback on HMD Global
Nokia today said it plans to return to the smartphone business during the first half of 2017 through its partnership with HMD Global. HMD Global recently completed a series of transactions between HMD, FIH Mobile Limited, and Microsoft that will allow it to make phones bearing the Nokia brand.
Microsoft to Close Nokia Finnish Phone Production Site
Microsoft today confirmed it plans to fully close a facility in Salo, Finland, that was formerly used to create and produce mobile phones. Microsoft will leave the Nokia facilities in Espoo and Tampere open, but plans to cut about 2,300 jobs in Finland in total.
EU Approves Microsoft's LinkedIn Acquisition
The European Union today approved Microsoft's proposed $26.2 billion purchase of LinkedIn. The Union set several conditions in allowing Microsoft to proceed.