#major-hurdles

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Nokia gets Chinese nod for Microsoft deal

Nokia gets Chinese nod for Microsoft deal

Helsinki  – Nokia has received regulatory approval from Chinese authorities to sell its mobile phone unit to Microsoft Corp., removing one of the last major hurdles to the 5.4 billion-euro ($7.3 billion) deal. Nokia Corp.'s share price jumped 5 percent to close at 5.58 euros on the Helsinki Stock Exchange. The deal, announced in September, includes the sale to Microsoft of Nokia's devices and …

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Nokia-Microsoft deal a step closer

Nokia-Microsoft deal a step closer

Nokia has received regulatory approval from Chinese authorities to sell its mobile phone unit to Microsoft, removing one of the last major hurdles to the 5.4 billion euro (£4.4 billion) deal.

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