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 Issues Statement On Handset Plans
Nokia today issued a statement reaffirming that it will not manufacture cell phones. "Recent news reports [claim Nokia] communicated an intention to manufacture consumer handsets out of an R&D facility in China.
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.
Microsoft's Jo Harlow to Depart, Too
Microsoft has confirmed that Jo Harlow, head of the company's mobile phones, will leave alongside device chief Stephen Elop in the weeks ahead. Harlow began at Nokia in 2003 and played a role in Nokia's switch to Windows Phone in 2011.
I hope it Fails