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Nokia Shareholders approve the Nokia-Alcatel Lucent deal at EGM today

Nokia has secured approval from its Shareholders for its Alcatel-Lucent acquisition at EGM (Extraordinary General Meeting) held today. Nokia is acquiring Alcatel-Lucent to create what it terms as an “Innovation Leader”. Nokia will pay EUR 15.6 billion through a public exchange offer in France and in the United States. Closing

Local vendor’s fear of Nokia patents make China delay approval of Nokia-MS deal.

[embedit snippet="fluids"] A report from China suggests that China is exercising unprecedented caution in approving MS-Nokia deal. Usually such acquisitions are approved after a 30-day one-phase investigation in China, but in case of MS-Nokia, it has entered into second phase of investigation. Such acquisitions usually get approval from China's Ministry of Commerce