China's Regulator Approves Nokia-Microsoft DealBy cheatmaster 03:14 Mon, 19 Jul 2021 Comments
Chinese regulatory authorities have given their approval for the merging of Nokia with Microsoft without demanding change in the Finn's company patent practices. According to Nokia, which has received green light for the merger from the European Commission and the U.S. Department of Justice, the deal should close this month.
In September, 2013, Nokia agreed to sell its phone business to Microsoft for €5.4 billion.
Due to the restructuring of the company, Google and Samsung have expressed their concern for a rise of its patent licensing fees. However, that's not the case, as Nokia has assumed it hadn't been accused of unhonest practices before.
"No authority has challenged Nokia's compliance with its ... undertakings related to standard-essential patents or requested that Nokia create changes to its licensing program or royalty terms," it assumed in the statement.
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