Nokia and Microsoft both expect the acquisition of Nokia's handset unit to close in April. The two companies sent out their own press releases moments ago announcing an update on the acquisition. The regulatory process is expected to close sometime during next month. As we previously reported, the two companies had hoped to finish the deal sometime before mid-April. However, rulings in India and regulatory pause by Asian parties over potential patent abuse slowed the process.
Back in September, Microsoft announced plans to buy Nokia’s devices and services business for $7.3 billion. The deal will see around 32,000 Nokia employees go to Microsoft. In addition, Microsoft will acquire manufacturing plans and license Nokia’s patent portfolio.
Nokia’s press release stressed that the tax proceedings in India will have no impact on the timing or closing to the deal.
Announcement at Build 2014 or a little bit later? Place your bets below.
Source: Microsoft, Nokia
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