Saturday, February 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG 2017 Gram Notebooks Start From $999
Samsung, Apple To Focus On Bio Authentication Services
Nokia Captured 9 Percent Global Feature Phone Marketshare in 2016
Secure Folder Now Available for Galaxy S7, Galaxy S7 edge
LG X Power2 Smartphne Packs A 4,500mAh Battery And A 5.5-inch Display
Samsung Introduces Measures to Enhance Transparency in Financial Donations
Google's Waymo Sues Uber Over Self-Driving Patents
New Razer Power Bank Will Charge Your Laptop, Smartphones
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
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
Nokia Captured 9 Percent Global Feature Phone Marketshare in 2016
BlackBerry Sues Nokia Over Patents
Microsoft's Outlook.com Premium Emal Service Now Available
Microsoft To Give A Face Lifting To Windows 10 With 'Project NEON'
Microsoft Edge Will Soon Get New Features
Nokia Launches Digital Assistant For Telecommunications Operators
Cloud Services Boost Microsoft's Sales And Profit
Microsoft Announces Intune for Education And New Windows 10 PCs for School
Nokia Rumored To Develop Own "Viki" Mobile Digital Assistant
HMD's Nokia 6 Smartphone Set For Release In China
Nokia OZO Partners with Youku to Create and Distribute 3D 360 VR Content
Microsoft, NXP Semiconductors, IAV and Auto Mobility Partners showcase Technologies For Safe And Personalized Automated Friving at CES 2017

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .