Sale of Nokia to Microsoft delayed until April 2014

Today, Nokia has announced that the sale of its devices and services business has been delayed until April of 2014. While this isn't far off from Nokia's previously announced estimate, it still doesn't solidify a concrete closing date. The transaction has received regulatory approvals from the European commission and the United States Department of Justice but is still pending approval by antitrust authorities in Asia. Nokia has made it clear that the tax proceedings in India are not the cause of the delay.

Since its announcement in September 2013, Nokia has continued with business as usual releasing the Lumia 525 and Lumia Icon. They also announced and have since released their first Android handsets earlier this month, the Nokia X, X+, and XL. Nokia is also rumored to be announcing two new handsets (Lumia 930 and Lumia 630) at the upcoming Microsoft Build Developer Conference in San Francisco which takes place between April 2 - 4th. 

While it's uncertain whether the authorities in Asia will approve the deal, Nokia and Microsoft remain confident that the transaction will be approved shortly. 

Source: NokiaImage via Nokia 

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12 Comments

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Why on earth do these countries need to rubber stamp a deal that's done between two foreign owned companies... I know that they have local arms, but if the South Korean and Chinese oppose it, they could just remove the local arms of the company. Both of those aforementioned countries have a mentality of stealing or copying innovation from others.

I'd be happy if manufacturing went back to Europe or even North America. Higher costs but the Finnish folks managed to do quite well with local manufacturing and design; I'd gladly pay more to see my dollar NOT head to Asia (that's not being 'racist', but I'm concerned with everything being manufactured overseas, including the growing trend of food).

/rant

Steven P. said,
I think it was South Korea that expressed concerns over the deal.

The same concerns they had is what Taiwan touched on in OK'ing the deal. Nothing big, Nokia will just sign some agreement with the government and then there's nothing to block the deal from happening.

lkernan said,
I'd laugh if China blocked it and forced the whole thing to fail.

considering that China has the largest world's smartphone market... I totally agreed.

lkernan said,
I'd laugh if China blocked it and forced the whole thing to fail.

Do you really think they would risk losing manufacturing and trade from Microsoft, and for what reason?


(Unless they are wanting commitments from Microsoft on MFR, but even then the gain wouldn't be risk of what they could lose.)

Edited by Mobius Enigma, Mar 24 2014, 11:46am :

lkernan said,
I'd laugh if China blocked it and forced the whole thing to fail.

I wouldn't because Samsung and Google are the ones lobbying the Chinese to block it.