This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


Nokia Devices Sale to Microsoft Delayed

By Kimberly Koerth
March 24, 2014 - News

**Editor's Note: Please click here for a recap of the biggest channel-impacting mergers in Q4 2013.**

Nokia expects its sale of substantially all of its Devices & Services business to Microsoft, as well as the licensing of its patents, to close in April.

When Nokia first announced the transaction in September of 2013, the company expected it to close in the first quarter. Despite the delay, Nokia and Microsoft say they remain committed to the transaction.

The closing is subject to regulatory approvals, most of which Nokia and Microsoft have already received, such as approvals from the European Commission and the U.S. Department of Justice; however, the transaction still needs approval from certain antitrust authorities in Asia, which are still conducting their reviews.

comments powered by Disqus