Press Release: Mergers: Commission clears acquisition of Nokia’s mobile device business by Microsoft

On 4 December 2013 the European Commission cleared under the EU Merger Regulation the proposed acquisition of most of Nokia Corporation's devices & services business (the "D&S business") by Microsoft Corporation. The D&S business mainly produces and sells smartphones and feature phones. The Commission concluded that the transaction would not raise any competition concerns, in particular because there are only modest overlaps between the parties' activities.