China approves Nokia sale to Microsoft


By Melissa Lesh

15 April 2014 at 09:31 BST


Chinese authorities approved Nokia's plan to sell its cell phone business to Microsoft.

Chinese authorities approved Nokia's mobile sale to Microsoft. 360b

The Chinese approval went smoothly, and there is no need for Microsoft to change its patent practices.  Microsoft is paying €5.4b ($7.4b) to take over Nokia, an Finnish telecoms company.  With its new acquisition, Microsoft may be planning to break into the mobile phone market to compete with Apple in another arena.  Source: Economic Times

 
   
 
 
 

Also read...

Around the house

A weekly round-up of moves around the globe.