Microsoft's Acquisition of Nokia Delayed Until April
Nokia today indicated the planned sale of its handset and services business to Microsoft has been delayed. The company originally expected the deal to close by the end of March, but has pushed the closing date back to April. The company cited on-going negotiations with antitrust regulators in several Asian markets as causing the delay. Nokia and Microsoft have already received approval from the U.S. Department of Justice and the European Commission. Nokia noted the tax issues it is facing in India will not play a role in delaying the transaction, and both companies are confident the deal will close next month. Microsoft originally proposed to by Nokia's handset business in September 2013.
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 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 Dishes More On Possible Phone Plans
Nokia CEO Rajeev Suri today reiterated that the company would like to return to the phone business, but said it is in no rush. Speaking at the Mobile World Congress trade show, Suri noted that Nokia will not manufacture its own handsets, but will instead license its brand to an outside manufacturer.
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.
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.