Microsoft has asked the European Union to approve its bid to buy Nokia for $7.2 billion as the software giant continues its push into devices and services.
The 28-member state bloc's antitrust regulators will now decide whether or not the company's bid breaches the EU's rules on competition.
Because Nokia is a European-based company, antitrust regulators will critique the takeover bid to ensure the competition is not left at a disadvantage.
Authorities can block the deal, or fine the companies heavily.
According to Reuters, the Commission said it would decide by December 4 whether to clear … Read more