China says OK to Microsoft’s acquisition of Nokia
Chinese regulation authorities have given the green light on the Microsoft-Nokia deal.
Nokia, who the Redmond, California, tech giant is purchasing for $7.2 billion issued a statement which said that European Commission and the U.S. Department of Justice have both since approved the deal, and that the deal will likely be completed by the end of this month.
Nokia is now left to face the authorities in India, where the Finnish phone manufacturer is stuck in tax cases with the Indian government.
It’s looking more likely as the day passes that Nokia will remove India from the map they’ll be selling to Microsoft. And by so doing, at least the agreed price of the deal will fall by at least $1 billion.
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