Microsoft Acquisition of Nokia Approved by Feds

Microsoft Acquisition of Nokia Approved by Feds

A multibillion dollar deal allowing Microsoft to acquire Nokia, one of the largest makers of Windows Phone devices, is a step closer to reality.

The U.S. Department of Justice and Federal Trade Commission have OK’d the deal, worth an estimated $7.2 billion.

All that remains is for European Union regulators to clear the agreement for Microsoft to buy the Finland-based Nokia’s Devices and Services Unit.

That approval too is expected to go off without much of a hitch, reports The Verge.

Good News for Windows Phone Users

The acquisition of Nokia by Microsoft could be good news for Windows users, among them many small business owners. The move should lead to greater availability of devices running on Windows Phone.

Over the past year, Nokia has introduced the Lumia 625, its largest-screened smartphone to date. Other devices have included the Lumia 1520, possibly the largest Windows phablet, and even a Windows tablet, the Lumia 2520 with 10.1 inch screen.

Nokia Shareholders Approve Deal

Nokia shareholders approved the acquisition late last month at its “Extraordinary General Meeting” in Finland. In an official release at the time posted on the company’s website, Nokia Board Chairman and interim CEO Risto Siilasmaa said:

“Today’s vote brings us closer to completing a transaction which will mark the beginning of the next chapter in Nokia’s near 150-year history, offering the potential of greater value for shareholders.”

The acquisition may be a real boost for Microsoft’s tablet ambitions as well. Disappointing sales for both the Surface RT and Surface Pro caused the company to drop the prices of both. Nokia’s track record with mobile devices and its distribution network may prove huge assets moving forward.

Image: Nokia


Joshua Sophy Joshua Sophy is the Editor for Small Business Trends and the Head of Content Partnerships. A journalist with 20 years of experience in traditional and online media, he is a member of the Society of Professional Journalists. He founded his own local newspaper, the Pottsville Free Press, covering his hometown.

10 Reactions
  1. That means we can expect more Windows-powered phones from Nokia. Let’s see where this will go. Nokia has its stronghold in the lower mobile phone market for quite a while. Maybe this integration with Microsoft can help them recover.

  2. Agreed Aria. I suppose both companies could use each other’s help. Microsoft gets a dedicated platform for releasing their phones, while Nokia gets financial assistance to do what they want with phone designs and improvements rather than worrying too much about making back costs. Great opportunity since Apple’s hold on the smartphone market isn’t what it used to be.

    • Yes. It seemed that Apple has somehow lost its touch with the lost of Steve Jobs. Their phones are not functioning as smoothly as it used to. It now has some bugs that are enough to get people talking. This may be the perfect time to introduce a new product in the market.