Microsoft’s proposed acquisition of Nokia’s devices business appears to be getting more due diligence than usual for approval by Chinese authorities.
Such deals typically get approved by China’s Ministry of Commerce after a 30-day first phase investigation, but it is currently undergoing a second phase probe, according to The Economic Observer. The deal has already been given the green light in other countries, including the United States and Europe.
According to the news agency’s sources, the extra prudence by the ministry stemmed mainly from requests from domestic phonemakers such as ZTE, Lenovo and Xiaomi, who are worried the completion of the deal could lead to higher patent fees by Nokia for its handset technology and tighter enforcement. Continue reading “China more prudent than usual assessing Microsoft’s Nokia”