The Federal Trade Commission and Department of Justice recently provided approval for Microsoft’s planned acquisition of Nokia. There weren’t any early indications that the deal would get tied up with the government, though the nods are necessary for an acquisition of its size, particularly to see if there are any monopoly concerns.
“We look forward to the date when our partners at Nokia will become members of the Microsoft family, and are pleased that the Department of Justice has cleared the deal unconditionally,” Microsoft told The Verge. Microsoft originally announced its intentions to acquire Nokia’s devices and services division for $7.16 billion back in September. European regulators are expected to also approve the deal.
Microsoft won’t be able to use the Nokia branding for its products for a short term following the completion of the deal, which raises concerns that there will be confusion in the market in regards to the Nokia brand name. The company currently holds 90 percent of the Windows Phone market, for example, so it may be weird for consumers to adjust to a new name for the new handsets developed with Microsoft.