Microsoft-Nokia Deal On Hold: Awaiting Confirmation From Antitrust Authorities in Asia

Microsoft-Nokia Deal On Hold: Awaiting Confirmation From Antitrust Authorities in Asia

The first step in Microsoft’s bid to garner an actual foothold in mobile will be stalled until next month. Originally Microsoft was meant to pick up Nokia’s mobile phone business sometime this month, but it still isn’t pencils down for antitrust authorities.

In a blog entry from Sunday, Microsoft’s general counsel Brad Smith stated that they were “nearing the final stages” of global regulatory approval. He also mentioned that they have the green light from 15 markets across five continents and that the company is still waiting for a few other markets.

In weighing in on deal’s closure window being pushed back to April, Nokia said that it was authorities in Asia that the two companies were waiting on.

The deal was announced in September with Microsoft picking up Nokia’s mobile patents, services, and wares for a little over $7 billion. The bulk of that goes to the services and actual handsets side of things with $5 billion while the rest goes to licenses for patents. The U.S and Europe gave the nod to deal in November.

Smith said that deal would speed up their movements in mobile and cloud. He also gave insight on the purpose of the acquisition saying that it would also speed up “market adoption for Windows Phones and introducing the next billion customers to Microsoft services via Nokia mobile phones.”

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Starting with Kabir News in 2013, James has focused on tech, gaming, and entertainment. When not writing, he enjoys catching up on sci-fi and horror shows and comics. He can be followed on Twitter @MetalSwift.

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