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Chinese approval means the deal plods on

Microsoft’s acquisition of Nokia's Devices and Services division has been given the green light by Chinese regulators this week. Microsoft and Nokia entered into a deal last September, which would see the software giant purchase parts of Nokia for $7.4 billion.
 
The companies have been waiting to get the needed approvals from major governments around the world since the deal was announced. The Chinese approval now means that the deal has the green light in China, the U.S., and the EU.
 
The deal to sell the Nokia hardware business to Microsoft doesn't include the Nokia patent portfolio. That portfolio is said to have as many as 30,000 patents and be worth as much as 10 billion euros.
 
Nokia promised to honor non-discriminatory FRAND patent principals once the deal is completed, but points out that it was not accused of unfair practices.
 
"No authority has challenged Nokia's compliance with its ... undertakings related to standard-essential patents or requested that Nokia make changes to its licensing program or royalty terms," it said in a statement on Tuesday.
 
Microsoft echoed Nokia's sentiments on FRAND licensing. "It has never been our intent to change our practices after we acquire the Nokia business," David Howard, Microsoft vice president for litigation and antitrust, wrote on the company's official blog.
 
Approval in China and India for the deal was not guaranteed amid strikes and tax disputes.

Sources: Yahoo, Microsoft





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