It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Delays hinder Microsoft Nokia deal Delays hinder Microsoft Nokia deal
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Delays hinder Microsoft Nokia deal
Reply
 
Thread Tools
Old 25th March 2014, 07:59   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 111,228
Stefan Mileschin Freshly Registered
Default Delays hinder Microsoft Nokia deal

Nokia has warned that its deal with Microsoft appears to have become bogged down and will be delayed at least until April.

The $7.5 billion sale of most of Nokia's phone business to Microsoft was expected to close in the first quarter.

Reuters said that Microsoft has also expects the deal to close in April.

The deal has been rubber stamped by the authorities in the US and EU but apparently some antitrust authorities in Asia are still conducting their reviews, it said in a statement.

Brad Smith, Microsoft's general counsel, said on the company's bog that Vole was nearing the final stages of our global regulatory approval process.

"Currently we are awaiting approval confirmation in the final markets."

The company last week was given 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 said its tax disputes in India would not have an impact on the deal schedule.

Observers are not too stressed at the delays. It took Vole five months to complete its purchase of online chat company Skype in 2011.

http://news.techeye.net/mobile/delay...oft-nokia-deal
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
With the DOJ's approval, Microsoft-Nokia deal is one step closer to reality Stefan Mileschin WebNews 0 3rd December 2013 08:47
Nokia Lumia 1520 launch reportedly delayed in wake of Microsoft deal Stefan Mileschin WebNews 0 17th September 2013 09:28
Microsoft delays Xbox One launch in Asia by a whole year Stefan Mileschin WebNews 0 12th June 2013 08:14
Microsoft strikes patent deal with ZTE Stefan Mileschin WebNews 0 25th April 2013 08:16
Yahoo, Microsoft search deal is not working Stefan Mileschin WebNews 0 13th February 2013 14:23
Microsoft seals Perceptive Pixel deal Stefan Mileschin WebNews 0 31st July 2012 08:24
Nokia reportedly delays Lumia 900 release in the UK, cites high US demand Stefan Mileschin WebNews 0 26th April 2012 07:34
Microsoft Has Acquisition Deal With Nvidia jmke WebNews 0 6th June 2011 15:13
New HP-Microsoft Live Search deal is all about Silverlight Shogun WebNews 0 2nd June 2008 18:49
More delays affect Microsoft XP SP2 Sidney WebNews 0 17th August 2004 19:28

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 05:58.


Powered by vBulletin® - Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO