Saturday, July 26, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Tablet Market Grows in Second Quarter
The Pirate Bay Goes Mobile
ASUS Announces Strix DSP, Strix Claw, Strix Tactic Pro and Strix Glide Series
China Telecom to Offer The Xbox One System
Thermaltake Debuts the Water 3.0 Ultimate All-In-One Liquid
HP Pavilion 10z Laptop Uses An AMD Mullins Processor
Google Does Not Confirm to $1 Billion Acquisition Of Twitch
Sony Settles 2011 PSN Hacking Case
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 530 Entry-level Windows Phone Released
Microsoft's Profit Hurt By Nokia Acquisition, Plans Unified OS
Panasonic Seeks To Sell Its Mobile Base Station Business to Nokia
Microsoft Is Shutting Down Xbox Entertainment Studios
Microsoft To Eliminate 18,000 Jobs
Microsoft To Take EU 'Right to be forgotten' Requests
Lumia Cyan Update Now Available
Microsoft To Announce Job Cuts
Microsoft To Take On Chromebooks with $200 Windows Notebooks
Microsoft's Nadella To Announce Company Sharkeup
Microsoft Patches IE In Latest Security Updates
Lumia 930 On Goes On Sale This Week

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 .