Menu
Clone of Alibaba (BABA) IPO Shares Jump 36%

Alibaba (BABA) IPO Shares Jump 36%

The Sexiest Halloween Costumes of 2014

The Sexiest Halloween Costumes of 2014

Mazda Miata 2016 model revealed

Mazda Miata 2016 model revealed

Miley Cyrus New Butt Gets in Trouble with Law

Miley Cyrus New Butt Gets in Trouble with Law

Larry Ellison Steps Down as CEO of Oracle

Larry Ellison Steps Down as CEO of Oracle

Nokia and Microsoft expected to close deal next month

Mar 24 2014, 11:24am CDT | by , in News | Misc

The two companies seem to be working on the acquisition of Nokia's Devices and Services division

Nokia and Microsoft expected to close deal next month
 
 

YouTube Videos Comments

Full Story

Nokia and Microsoft expected to close deal next month

A lot has been going around lately regarding Nokia's Devices and Services division and its acquisition and we have recently got some statements from Microsoft and Nokia which address this matter. Some related patent licenses also seem to be part of the deal here and both companies are expecting the deal to be closed soon with the final round of formalities and regulatory approvals nearing completion.

It has been quite some time now since the deal was first announced back in September last year and was about Microsoft acquiring Nokia's Devices and Services division and granting exclusive use of its patents for a period of ten years. Of course we understand that the deal was a big thing to manage and it had to go through a lot of processes which it has lately. But still we werent expecting it to take this long. Regulatory approvals from fifteen markets across five continents have been received by Microsoft and the European Commission and the US DoJ have long since given said approval and were the earliest to grant this deal a thumbs up. Now the only thing holding this deal back is the intrusion from certain Asian antitrust authorities which seem to be coming in the way. At the start of the month, Korean manufacturers petitioned the FTC in regards to Microsoft's exclusive use of Nokia's patents.

source: nokia

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.

 

 

Comments

blog comments powered by Disqus

Latest stories

White House evacuated after Breach of Security
White House evacuated after Breach of Security
The White encountered a breach of security and had to be evacuated after a man traversed the fence and almost succeeded in reaching the front doors of the residence of the President.
 
 
Sophia Loren Turns 80 Today
Sophia Loren Turns 80 Today
Iconic actress, Sophia Loren is celebrating her 80th birthday today.
 
 
Macy’s Black Friday
Macy’s Black Friday
Department stores, to many people, seem like a part of a bygone era. In reality, there are many that are still doing well and Black Friday is an excellent example of this. When you look at the kinds of deals that Macy’s...
 
 
Hacking (the hair) of Kaley Cuoco-Sweeting
Hacking (the hair) of Kaley Cuoco-Sweeting
How does a young celebrity handle being hacked and dealing with leaked pictures? By taking the situation into her own hands and not backing down.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.