Microsoft is one step closer to completing its $7.2B Nokia deal after gaining China’s approval
Apr08
Microsoft’s acquisition of Nokia devices and services business took a big step towards completion after the Ministry of Commerce in China formally approved the $7.2 billion deal. The two companies have been waiting on approval from various governments in Asia, and recently announced that deal is expected to close this month, having missed the initial deadline of Q1 2014. “Nokia and Microsoft have now received regulatory approvals from the People’s Republic of China, the European Commission, the U.S. Department of Justice and numerous other jurisdictions,” the companies explained in a statement, which suggests that they are now only waiting on final…
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