U.S. Approves Microsoft-Nokia Deal (MSFT)

On Monday, Microsoft (MSFT) announced that the U.S. Justice Department approved the company’s purchase of Nokia’s mobile handset and services business.

The acquisition will total roughly $7.3 billion, marking the largest deal in Microsoft’s history. While U.S. antitrust regulators have approved the deal, Microsoft will still need to win approval from the European Union for the acquisition to go through. Regulators in India, Russia, Israel, and Turkey have already approved the Nokia Deal.

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Commenting on the approval, Microsoft noted that it looked “forward to the date when our partners at Nokia will become members of the Microsoft family.”

Microsoft shares traded 0.80% higher during Monday’s session. Year-to-date, the stock is up 38.05%