Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Business Intelligence Sales & Marketing More Topics...
Eliminate costly downtime!
Find out how with Free White Paper
& enter to win a Samsung Galaxy Note

www.apc.com
Microsoft/Windows
Fiercely productive scanners
Average Rating:
Rate this article:  
EU Regulators Approve Microsoft Deal for Nokia
EU Regulators Approve Microsoft Deal for Nokia

By Seth Fitzgerald
December 5, 2013 2:02PM

Bookmark and Share
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:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 Microsoft/Windows
1.   Patch Tuesday Offers Critical Fixes
2.   China Approves Microsoft-Nokia Deal
3.   Microsoft Pulls Plug on Windows XP
4.   Against a Wall, Some Buy XP Support
5.   Last Fixes Tuesday for XP, Office 2003


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

Network Security Spotlight
Google's Street View Software Unravels CAPTCHAs
The latest software Google uses for its Street View cars to read street numbers in images for Google Maps works so well that it also solves CAPTCHAs, those puzzles designed to defeat bots.
 
Canadian Teen Arrested for Heartbleed Hack
One week after the OpenSSL Heartbleed vulnerability was unveiled, Canadian authorities have made the first arrest -- a London, Ontario teenager -- connected to exploiting the security hole.
 
IBM Offers Security, Disaster Recovery as SoftLayer Service
New disaster recovery and security services for SoftLayer clients are being added by IBM. Big Blue said the new capabilities will speed cloud adoption by alleviating concern over business continuity.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
Google Glass may find its first markets in verticals in which hands-free access to data is a boon. Medicine is among the most prominent of those, as seen in a number of Glass experiments under way.
 

Mobile Technology Spotlight
Google Releases Chrome Remote Desktop App for Android
You're out on a sales call, and use your Android mobile device to grab a file you have back at the office on your desktop. That's a bit easier now with Google's Chrome Remote Desktop app for Android.
 
Amazon 3D Smartphone Pics Leaked
E-commerce giant Amazon is reportedly set to launch a smartphone after years of development. Photos of the phone, which may feature a unique 3D interface, were leaked by tech pub BGR.
 
Zebra Tech Buys Motorola Enterprise for $3.45B
Weeks after Lenovo bought Motorola Mobility’s assets from Google for $2.91 billion, Zebra Technologies is throwing down $3.45 billion for Motorola’s Enterprise business in an all-cash deal.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Business Intelligence | Sales & Marketing | Contact Centers | Customer Data | CRM 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 | XML/RSS Feed

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.