Microsoft and Nokia deal to go through defying Indian legal battle

Microsofts acquisition of Nokias devices and services division is believed to be in its final stages and will reportedly complete within the next 20 days.

According to revelations by Nokia Indias legal counsel, the global deal with Microsoft is now set to complete within 20 days as bureaucratic hitches in China, which was one of the concerned nations against the deal, have been resolved.

Nokia India has been facing a tax dispute with the Indian government which was believed to hamper Nokias deal with Microsoft. Now, the companys legal counsel has confirmed that the deal will go through and the disputed manufacturing unit in Chennai will either go to Microsoft or "down the drain" depending on the governments decision to settle.

Earlier it was reported that Samsung and Google requested Chinese regulators to check the Microsoft-Nokia deal in addition to the opposition in Korea, but now it seems those threats have been countered as the deal which involves transfer of nearly 30,000 employees from Nokia to Microsoft is on track for completion by the end of the first quarter.

Source: LiveSide

Report a problem with article
Previous Story

Newer version number for Windows 8.1 Update 1 revealed on Microsoft support page

Next Story

Microsoft Store offers $50 gift card with select new PCs to help ditch Windows XP

8 Comments - Add comment