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EU: Microsoft expects unconditional permission for Nokia buyout

By  |  November 25, 2013

Microsoft is reportedly expecting the European Commission to clear its $7.2 billion buyout of Nokia’s handset business following approval of the deal by Nokia shareholders last week.

As the Commission is set to rule on the deal on December 4, the companies said they expect the buyout to finalize in early 2014.

The deal includes a decade-long licensing agreement as Nokia aims to turn away from its smartphone business.

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