Immediately EU Approves Microsoft-Nokia deal

HELSINKI - One more step , the acquisition of Nokia by Microsoft's mobile business will soon be reached. After getting approval from shareholders last week , Microsoft is now waiting for the green light from the European Union ( EU ) .

Reported by Reuters on Monday ( 25/11/2013 ) , according to sources , Microsoft will get unconditional approval from EU to take over Nokia 's mobile phone business valued at $ 7 , 3 billion . Acquisition agreement announced in September include 10 -year license agreement Nokia patent portfolio .

"The European Commission is expected to approve the deal without conditions , " said one of the sources told Reuters .

The EU competition watchdog agency has set a deadline of December 4, to deliver his decision . A spokesman for the Commission's competition policy , Antoine Colombani , declined to comment .

Similarly , Microsoft and Nokia also had no immediate comment related to this latest report .

As regulators in Russia , India , Turkey , and Israel has given the green light to the deal the two companies . Nokia shareholders at the beginning of last week also approved the sale of the company 's mobile phone business to Microsoft .

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