Asian Regulators Delay Microsoft's Nokia Acquisition Until April
March 24, 2014 8:46 AM
comment(s) - last by
Nokia says Asian regulators haven't given the needed approvals
Nokia has announced that it is expecting the deal that will see Microsoft buying its Devices & Services arm to close a month later than previously expected. Nokia now expects the deal to close in April 2014 instead later this month.
Before the deal can close, approval from regulators in Asia is required and those approvals are still outstanding (which in turn is causing the delay). Nokia also maintains the delay has nothing to do with
ongoing tax proceedings in India
Nokia says that it has received "most" of the needed approvals already including the go-aheads from the U.S. Department of Justice and European Commission.
For its part, Brad Smith, Microsoft’s General Counsel & Executive Vice President for Legal & Corporate Affairs, issued the following statement regarding the delay:
The completion of this acquisition will mark the first step to bring Microsoft and the Nokia Devices and Services business together. Our acquisition will accelerate our mobile-first, cloud-first imperatives. We’re looking forward to accelerating innovation and market adoption for Windows Phones and introducing the next billion customers to Microsoft services via Nokia mobile phones.
Microsoft offered $7.2 billion
for Nokia's Devices and Services arm last September.
This article is over a month old, voting and posting comments is disabled
3/24/2014 9:38:33 AM
Microsoft can take it's time, after all it's not as if it's competitors have taken off or have generated a gigantic lead. I am sure the Windows advantage and all those hundreds of millions of consumers yearning to be seriously productive and to be something other than mere content consumers will wait patiently for whatever emerges from the Mokia venture.
"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser
Microsoft Purchases Nokia's Devices and Services Division for $7.2B
September 3, 2013, 12:00 AM
Smart Security Cameras: 5 Good Choices For Any Budget
July 25, 2016, 7:13 PM
Top 5 Smart Watches
July 21, 2016, 11:48 PM
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Most Popular Articles
Say Goodbye to Data Plans - Sprint and T-Mobile offer Unlimited Data
August 22, 2016, 6:12 AM
Lenovo vs. Asus vs. HP - Best Laptop Under $500.00
August 19, 2016, 4:00 AM
Get Ready to wait in line – iPhone 7 due September.
August 18, 2016, 7:15 AM
5 Healthy and Creative ways to add Fiber to your Diet By Monique C. Bethell, Ph.D.
August 18, 2016, 7:43 AM
Uber - Everyone's Autonomous Car Driver?
August 20, 2016, 6:01 AM
Latest Blog Posts
Coming Soon - Drones and Airports
Aug 24, 2016, 12:40 PM
SolarCity’s Gigafactory: A Milesone in Emerging Technology by Lily Emamian - 15 August 2016
Aug 15, 2016, 6:30 AM
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information