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Nokia and Microsoft deal expected to close in April

Nokia says Microsoft deal won't close until April, blames Asian regulators for delay.

@ShaneMcGlaun
Published Mon, Mar 24 2014 10:54 AM CDT   |   Updated Mon, Oct 19 2020 8:15 PM CDT

Microsoft announced that it was dropping over $7 billion to purchase the Devices and Services arm of Nokia back in September of last year. The deal required the approval of regulators in the US, Europe and Asia before it could close.

Nokia and Microsoft deal expected to close in April | TweakTown.com

Nokia originally expected the deal to close in Q1 2014. If you are paying attention this is the last month of Q1 and now Nokia is saying that the deal won't close until next month. Nokia is predicting that the final approvals will come and the deal will close in April.

Nokia and Microsoft are both committed to the deal despite the delays. The required regulatory approvals in the US and Europe have been received. The delay is because the Asian approvals haven't come in.

Nokia says that certain antitrust authorities in Asia are still conducting reviews. Nokia also says that the delay in the deal closing has nothing to do with tax proceedings in India.

NEWS SOURCE:press.nokia.com

Shane is a long time technology writer who has been writing full time for over a decade. Shane will cover all sorts of news for TweakTown including tech and other topics. When not writing about all things geeky, he can be found at the track teaching noobs how to race cars.

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