Nokia Confident Microsoft Deal Will Close by End of March
Nokia today said that it expects Microsoft to finalize its acquisition of Nokia's handset business by March 31. The company issued a statement regarding some tax difficulties it is facing in India that could complicate the sale. Nokia said the issues won't delay the deal, which it looks forward to closing in the weeks ahead. Microsoft and Nokia had previously suggested the deal would close by the end of the first quarter, so it is running on schedule. Microsoft first proposed to buy Nokia's handset business in September last year. The deal is valued at $7.2 billion.
Nokia Closes Sale of HERE Business to Car Companies
Nokia today said it has closed the sale of its HERE Maps business to a consortium of automobile manufacturers, including Audi, BMW, and Daimler. The sale leaves its telecommunications equipment unit as Nokia's core concern moving forward.
Nokia and Samsung Settle Patent Licensing Deal
Nokia today said it has reached an agreement with Samsung over the licensing of its wireless patents. The companies have been disputing the value of Nokia's patents since Nokia sold its handset division to Microsoft.
Nokia Reiterates Path to New Phones Is Complicated
Nokia has again affirmed its plans to bring Nokia-branded handsets back to the market eventually, but warned that things won't be as they were. Nokia sold its handset division to Microsoft in 2014.
Microsoft to Close Nokia Finnish Phone Production Site
Microsoft today confirmed it plans to fully close a facility in Salo, Finland, that was formerly used to create and produce mobile phones. Microsoft will leave the Nokia facilities in Espoo and Tampere open, but plans to cut about 2,300 jobs in Finland in total.
China Approves Nokia's Alcatel-Lucent Acquisition
Nokia's attempt to acquire Alcatel-Lucent has cleared another hurdle now that it has won approval from China's Ministry of Commerce. The anti-monopoly body will allow the proposal to move forward under certain conditions, which mostly pertain to licensing standard essential patents.
I hope it Fails