Nokia announced that the European Commission has unconditionally approved the handset maker’s tender offer for all the shares in Trolltech. Nokia said it will now proceed with the acquisition.
Following completion of the offer, Nokia will own 52,411,283 shares and votes in Trolltech, representing a 99.4% stake. Nokia also said that it intends to initiate a compulsory acquisition of the remaining shares in Trolltech.
According to reports, the European Union (EU) is also likely to clear Nokia’s acquisition of digital map supplier Navteq. Since the EU has not filed any formal objections against the merger, it is unlikely to try to block the deal. The deadline for the EU to send a formal objection also has passed.