Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Build Apps 5x Faster
For Half the Cost
Enterprise Cloud Computing

On Force.com
Microsoft/Windows
DDoS Protection Powered By Verisign
Average Rating:
Rate this article:  
EU Regulators Approve Microsoft Deal for Nokia

EU Regulators Approve Microsoft Deal for Nokia
By Seth Fitzgerald

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

According to the European Commission, there are only "moderate" overlaps between Microsoft and Nokia, and while that is true as a whole, Microsoft's smartphone sector is already dominated by Nokia. As there are more than enough phone manufacturers, particularly Samsung and Apple, the regulators did not picture Microsoft becoming too strong.
 


Regulators within the European Union have given the green light to Microsoft's $7.4 billion buyout of Nokia. This move had been expected since the European Commission generally does not oppose moves such as this one, but now that regulators have officially accepted the acquisition, Microsoft can move forward with the massive deal.

Prior to today's approval, regulators in the United States had signed off on the buyout alongside Nokia's shareholders. Microsoft has been eying Nokia's hardware business for more than a year, especially as Nokia's line of Lumia smartphones make up the majority of Windows Phone devices.

A Significant Deal

It's not often that a company pays $7.4 billion in an acquisition, however Microsoft and Nokia are by no means small companies. This move is somewhat defensive for Microsoft mainly because Nokia's control over the Windows Phone market was making it harder for Microsoft to do much with the platform. Now that the companies can work together, Windows Phone may be able to compete against Android and iOS.

The EU's antitrust authority, the European Commission, gave its final approval after deciding that the deal would not hurt competition. As Nokia and Microsoft are already so close, the deal will only make things official.

According to the commission, there are only "moderate" overlaps between Microsoft and Nokia and while that is true as a whole, Microsoft's smartphone sector is already dominated by Nokia. As there are more than enough phone manufacturers, particularly Samsung and Apple, the regulators did not picture Microsoft becoming too strong in any of its markets as a result of the deal.

Even with multiple competitors, the deal is still one of the largest in the technology industry. At most, companies pay around $1 billion during an acquisition, making the $7.4 billion price tag impressive, which is the same reason Nokia's shareholders saw little downside to the acquisition.

Greater Connection

The buyout will result in Microsoft and Nokia working nearly as closely as possible, however there may end up being an even greater connection between the two companies. Nokia's former CEO Stephen Elop is still in the running for the position of Microsoft's CEO now that Steve Ballmer, its current chief executive, is leaving.

Nokia will likely play a major role in Microsoft's coming products, which would make Elop even more useful as CEO since he has significant experience working with people at Nokia. As of right now, Microsoft has reportedly been able to get its candidate list down to just four people, of which Elop is one.
 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Microsoft/Windows
1.   Price Wars Hitting Laptop Market?
2.   Office 365 Tailored for Attorneys
3.   Plan Your Move from Windows 7 Now
4.   Microsoft Patch Tuesday Stars IE
5.   Surface Pro Ads Aim at MacBook Pro


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Chinese Hackers Nab Info on Millions of U.S. Patients
A group of Chinese hackers has stolen the personal information, including names and Social Security numbers, of about 4.5 million patients at hospitals operated by Community Health Systems.
 
Premier FBI Cybersquad in U.S. To Add Agents
After helping prosecutors charge Chinese army officials with stealing trade secrets from major companies and by snaring a Russian-led hacking ring, the premier FBI cyber-squad is getting a boost.
 
Apple Opens iCloud Data Center in China
Treading lightly, Apple acknowledged it has started to store encrypted iCloud personal data of some Chinese users on servers in mainland China, operated by the state-owned China Telecom.
 

Enterprise Hardware Spotlight
Compression, Deduplication Come to Violin Concerto 2200
Violin Memory has announced that data deduplication and compression capabilities are now available on its Concerto 2200 solution. Typically, users will experience deduplication rates between 6:1 and 10:1.
 
Cisco Axes 6,000 Employees in Restructuring Plan
Faced with declining profits, Cisco is laying off up to 6,000 employees in the months ahead -- a whopping 8 percent of its global workforce. That's in addition to the 4,000 jobs Cisco cut last year.
 
Web Slows, Have Internet Routers Reached The Limit?
If you encountered problems connecting to the Internet on August 12, you weren't alone. Networking experts blame the wide-scale slowdown on outdated routing systems that are reaching their limits.
 

Mobile Technology Spotlight
HTC Debuts Windows Phone Version of One M8 Smartphone
HTC is bringing the Windows Phone mobile OS to its flagship One M8 device -- the first time any mainstream flagship smartphone has been offered with a choice of operating systems.
 
Verizon Earns Top Rating in Mobile Network Comparison
A new report says Verizon Wireless was the top-performing U.S. cellphone service provider in the first half of 2014, on a nationwide and state-by-state basis, as well as in metro areas.
 
Sprint Comes Out with Data Guns Blazing
As its new CEO promised, Sprint has rolled out a new aggressively competitive price plan. The shared data plans promise twice the high-speed data and at lower prices than AT&T and Verizon Wireless.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.