Nokia’s devices and services sale to Microsoft delayed to April

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The Microsoft takeover of Nokia’s devices and services division is easily one of the most high profile acquisitions from the recent past. After the announcement of this deal, it was said that the regulatory bodies all around the world would have to give their go ahead and only then can the deal be closed. Initially, it was meant to be completed within the first quarter of 2014, but it has now been revealed that some of the regulatory approvals are still pending and the deal is now expected to close in April 2014.

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Nokia’s appeal over asset transfer to Microsoft rejected by Supreme Court of India

India’s supreme court asked Nokia to provide guarantee of 35 billion rupees ($572.5 million) in an escrow account before it is allowed to transfer its Chennai plant and other assets in the country to Microsoft reports Reuters. Back in September last year Microsoft agreed to buy 5.4 Billion Euros cash, 3.79 Billion for devices and services 1.65 Billion for the associated patents. Continue reading “Nokia’s appeal over asset transfer to Microsoft rejected by Supreme Court of India”