It has been a while since Nokia and Microsoft have been working on getting together and their deal is going to allow Nokia to sell its mobile phone business to Microsoft Corp without having to change its main technology patent practices. Finally, these companies have been granted persmission to do so by the Chinese competition authorities.
It was agreed back in September by the Finnish company that it would sell its flagship business to Microsoft in a 5.4 billion euro ($7.4 billion) deal. However, the patent portfolio was kept because according to the foresight of a few analysts, this is going to do a great job in the future. The shares on the other hand were just waiting for the announcement to be made and the impact could have been seen already. When Nokia announced the confirmation by the Chinese Authorities, the share went up from 3.1 percent to 5.49 euros as investors had feared Chinese regulators could demand tough future conditions for Nokia's patents business.
Certain approvals were required and Nokia says that it was still not sure and was wondering whether they would have to call if off at some point. However it was not disclosed how many approvals were required and by whom.
Deion Sanders' School Opens Despite Losing Charter
Pro Football Hall of Famer Deion Sanders' Prime Prep Academy in Fort Worth, Tex. opened this week despite its location -- in a shopping center across an adult shop -- being disapproved and losing its charter.
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.