December 5 The European Commission approved a 7.3 billion-dollar takeover in Wednesday, according to the Foxbusiness website, after a survey concluded that Microsoft's acquisition of the Nokia handset business would not spark any competition.
The European Commission's unconditional approval has laid the groundwork for Microsoft to complete its acquisition of the Nokia handset business. Microsoft announced a September takeover of Nokia handsets and services, accelerating the transition to "equipment and service" companies.
The European Commission said in a statement that Microsoft's acquisition of the Nokia handset business would not spark "any competition concerns" and noted that there was only "moderate overlap" between the two businesses. The EU says the link between Microsoft's mobile operating system, mobile apps and corporate e-mail server software and Nokia's smart mobile devices "is unlikely to lead to competitors being squeezed out of the market".
The European Commission also pointed out that there are a number of strong competitors in the market, especially Samsung and Apple, they will continue to compete with Microsoft + Nokia. After the deal, Microsoft is "unlikely" to limit the supply of Windows operating systems and mobile apps to third-party device vendors.
The European Commission said any competition concerns related to patent licensing for smart mobile devices were "beyond the scope of EU mergers and acquisitions" and would "pay close attention" to Nokia's licensing business in the post-merger era.
Reuters reported at the end of last month that the European Commission will unconditionally approve Microsoft's acquisition of Nokia mobile phone business transactions.