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...

A Hand on the tiller at the Luxury Law Summit

New forms of customer engagement will provide increased opportunities for the luxury sector over the next five years