{"id":53370,"date":"2014-02-19T16:44:56","date_gmt":"2014-02-19T14:44:56","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=53370"},"modified":"2014-02-19T16:44:56","modified_gmt":"2014-02-19T14:44:56","slug":"microsoft-nokia-merger-gets-sa-stamp-of-approval","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/53370\/microsoft-nokia-merger-gets-sa-stamp-of-approval\/","title":{"rendered":"Microsoft Nokia merger gets SA stamp of approval"},"content":{"rendered":"<p>The Competition Tribunal on Wednesday (19 February), approved, without conditions,\u00a0the merger between\u00a0Microsoft and handset maker,\u00a0Nokia.<\/p>\n<p>In September 2013 Microsoft announced its intention to acquire substantially all of Nokia&#8217;s devices and services business in what is viewed as an attempt by Microsoft to increase its offering in the mobile phone market.<\/p>\n<p>The\u00a0merger is an international transaction and has already been unconditionally approved in India, Brazil, the European Union, Israel, Turkey, Russia and the United States.<\/p>\n<p>Under the terms of the agreement, Microsoft would pay EUR 3.79 billion to purchase substantially all of Nokia\u2019s Devices &amp; Services business, and EUR 1.65 billion to license Nokia\u2019s patents, for a total transaction price of EUR 5.44 billion in cash.<\/p>\n<h3 class=\"my-4\">More on Microsoft and Nokia<\/h3>\n<p><a title=\"Nokia Solutions chairman to step down after Microsoft deal\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/51281\/nokia-solutions-chairman-to-step-down-after-microsoft-deal\/\"><strong>Nokia Solutions chairman to step down after Microsoft deal<\/strong><\/a><\/p>\n<p><a title=\"Microsoft-Nokia deal: not everyone is happy\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/49815\/microsoft-nokia-deal-not-everone-is-happy\/\"><strong>Microsoft-Nokia deal: not everyone is happy<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Tribunal on Wednesday (19 February), approved, without conditions, the merger between Microsoft and handset maker, Nokia.<\/p>\n","protected":false},"author":10,"featured_media":9540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[25,169,187],"class_list":["post-53370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-active","tag-microsoft","tag-nokia"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=53370"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53370\/revisions"}],"predecessor-version":[{"id":53374,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53370\/revisions\/53374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/9540"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=53370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=53370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=53370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}