Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Google Concerned About MPAA's Actions To Revive SOPA
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 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
Lumia 635 Comes to Boost Mobile, Virgin Mobile USA and Sprint
Tech Giants Support Microsoft In Data Fight With U.S.
Cortana Arrives in France, Italy, Germany, and Spain
Microsoft Creates Tools That Unlock the Power of Living Cells
Microsoft Acquires Mobile Email App Provider Acompli
Microsoft Accidentally Anounced Acquisition Of Acompli
Microsoft Offers Massive Music Deals For The Holidays
Microsoft Slashes Prices Of Xbox One, Surface 3 For Black Friday
Samsung Loses Bid Against Microsoft
Microsoft To Offer Digital Services To Real Madrid Soccer Fans
Nokia's First Brand-licensed Product Is The N1 Android Tablet
Microsoft Surface Pro 3 Update Fixes Bugs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .