The European Commission has cleared Microsoft’s acquisition of the devices and services division of Finland’s Nokia, it said Wednesday.
The decision follows approval of the $7 billion deal by the U.S. Federal Trade Commission over the weekend. With the two regulatory approvals, the deal is now clear to be completed.
The European Commission said it was granting approval for the deal because a combination of Nokia’s handset and smartphone business with Microsoft wouldn’t substantially harm competition.
”There are only modest overlaps between the parties’ activities and the links between Microsoft’s mobile operating systems, mobile applications and enterprise mail server software with Nokia’s smart mobile devices are unlikely to lead to competitors being shut out from the market,” the commission said in a statement.