Microsoft’s Nokia deal approved by European Commission

The European Union has cleared Microsoft’s deal to purchase Nokia’s Devices and Services unit. In a statement released today, the Commission notes that the “overlap of the two companies' activities in this area is minimal and several strong rivals, such as Samsung and Apple will continue to compete with the merged entity.” The European approval comes just days after the US Department of Justice also gave Microsoft’s deal the go ahead, and paves the way for the merger to complete early next year.

Former Nokia CEO Stephen Elop is now expected to rejoin Microsoft to “lead an expanded Devices team" that encompasses Surface, Windows Phone devices, and the Xbox games consoles. Although recent speculation has centered on Elop as a...

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