Both the European Commission and the U.S. Federal Trade Commission have approved the deal in the past few days. The shareholders of both companies had already approved it.
The software giant is spending $7 billion to acquire the Finnish company, which will become part of its devices division. Nokia's current CEO Stephen Elop will head up this division.
The Lumia line of Windows Phones will continue, but the fate of Nokia's Lumia 2520 is unclear, as Microsoft has its own Surface line of tablets.
Seurce:The News Technology Guide