Tuesday, June 02, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
BlackBerry 10.3.2 and BlackBerry Blend 1.2 Coming to All BlackBerry 10 Devices
Instagram To Open Up Its Advertising Platform
G.SKILL at Computex 2015
LG Display Showcases 18-inch Rollable Display At SID
MSI Highlights First Gaming Notebooks With Eye-tracking Capabilities at COMPUTEX 2015
Vimeo Launches Subscription Service
E FUN Introduces Affordable Flexx 2-in-1 Windows Tablets
Atmel Showcases System Solution for Wearables at Computex 2015
Active Discussions
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Nokia, ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, March 24, 2014
Nokia, Microsoft Deal Delayed


Nokia on Monday announced that it now expects the transaction whereby the company will sell substantially all of its Devices & Services business and license its patents to Microsoft to close in April 2014.

Nokia's previously expected the transaction to close by the end of March.

Nokia did not disclose the reasons behind the delay, saying that the closing of the transaction is subject to regulatory approvals and other customary closing conditions.

Nokia and Microsoft have already received most of the required regulatory approvals, including approvals from the European Commission and the U.S. Department of Justice. However, the transaction is pending approvals from certain antitrust authorities in Asia which are still conducting their reviews.

"Nokia and Microsoft continue to be confident that the transaction will close, resulting in the sale of substantially all of Nokia's Devices & Services business to Microsoft, and both companies are working diligently to close the transaction as expeditiously as possible," the companies said.

Earlier this month, media reports said Google and Samsung Electronics had asked Chinese regulators to ensure the deal between Microsoft and Nokia would not lead to higher licensing fees.

Nokia last week was hit with a new $414 million tax claim by Indian authorities, following a recent Supreme Court decision to order Nokia to give a $571 million guarantee before transferring its Chennai factory to Microsoft.

Nokia reiterated its tax disputes in India would not have an impact on the deal schedule.




Previous
Next
Apple in Talks With Comcast for Streaming Service: report        All News        New LG Lightbulb Is Smart Enough To Connect To Your Phone
HTC To Unveil New Flagship Smartphone Tomorrow     Mobiles News      BlackBerry To Sell Most of Its Canadian Real Estate

Get RSS feed Easy Print E-Mail this Message

Related News
Research Project Can Interpret, Caption Photos
Nokia Networks to Acquire Eden Rock
Microsoft Cortana Coming To Apple and Android Phones
Microsoft, Salesforce Talks Stall On Pricing: report
Microsoft Project Reveals Method For Keeping Cloud Data Private
Microsoft May Bid For Salesforce
EU court Says Sky Sounds Like Skype
Microsoft Announces New Solutions For IT Professionals
Microsoft Uses Machine Learning To Guess Your Age
Microsoft Patent Describes Emotion Detecting Eyeglasses
Judge Rules in Favor of InterDigital in ITC Action Involving Nokia, Microsoft
Nokia Won't Return To Phone Manufacturing

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .