Nokia is one step closer to divesting itself of its Devices and Services unit to Microsoft. China’s Ministry of Commerce has granted it approval for the merger which we have been following since its announcement last September.
With that hurdle overcome, China joins the US Department of Justice, the European Commission, and several other governments in approving the transaction. The only notable hold out at the moment is India, which is embroiled with the Finnish company over taxes and a seized factory in Chennai.
China’s approval of the merger is certainly a welcome development for Nokia and Microsoft, however, as there were concerns raised by the Chinese government, as well as several Chinese manufacturers, about what might happen to fees for patents that Nokia will retain ownership of after the deal with Microsoft closes. Samsung and Google also shared similar concerns in China. Such issues dragged out the Ministry’s approval of the deal over a period of months.
Nokia continues to state that it expects the transaction with Microsoft to close sometime this month.
Nokia Corporation Stock exchange release April 8, 2014 at 9.58 (CET +1)
Espoo, Finland - Nokia announced that the planned transaction whereby Nokia plans to sell substantially all of its Devices & Services business to Microsoft has today received regulatory approval from the Ministry of Commerce of the People's Republic of China.
As previously communicated, the closing of the transaction, which was announced on September 3, 2013, is subject to regulatory approvals and other customary closing conditions. Nokia and Microsoft have now received regulatory approvals from the People's Republic of China, the European Commission, the U.S. Department of Justice and numerous other jurisdictions. Nokia and Microsoft continue to expect the transaction to close during April 2014, as communicated in our press release from March 24, 2014.
The regulatory approval process has involved a thorough review of Nokia's patent licensing practices by several competition authorities around the world. During that process, no authority has challenged Nokia's compliance with its FRAND undertakings related to standard-essential patents (licensing on fair, reasonable and non-discriminatory terms) or requested that Nokia make changes to its licensing program or royalty terms. - See more at: http://press.nokia.com/2014/04/08/planned-sale-of-substantially-all-of-nokias-devices-services-business-to-microsoft-has-received-regulatory-approval-from-china/#sthash.HQ76AcBj.dpuf
this was expected to happen . I am glad it's a done deal now except for the India Factory /Tax problem which Microsoft and Nokia said will not hold back the sale.
Nokia said they would give a press event on 19 April. I guess that is when we will see
Nokia's CEO and Microsoft's CEO announce the deal is finalized-Closed. maybe we will hear what Microsoft is going to do with what it bought from Nokia. Nokia will still exist as a
tele communication company. but will no longer make Nokia smart phones or tablets for a
specified amount of time set down in the agreement in the sale of some of Nokia's mobilee assets to Microsoft
No Not at all..
Microsoft hasn't bought Nokia . Nokia is still an independent Company they have bought their Mobile division only..
in case of motorola ,, Google had bought the whole Motorola , now they have sold the mobile division of Motorola to Lenovo . but still Motorola is a Google company .
Secondly most of the Nokia employees who made Nokia what it was have already left and many will be leaving after acquisition . So you will be getting a Pure Microsoft Product only . It won't even carry the Name "Nokia"
actually Google only brought the Mobile division of Motorola (Motorola Mobility) before selling to Lenova. Motorola is still an independent company making modems and the like. Kinda like how Nokia is still an independent company working on a few things (such as their HERE Maps technology). Really the only difference between what Microsoft and Google is/are doing, Microsoft has full intentions of letting Nokia make awesome devices. Google kinda just brought Motorola for the patents and let it die (now selling it to Lenova). I'm an Android guy too, but google scares me what they are trying to do.
ohh i forgot about that it was divided into motorola mobility and motorola solutions but the thing to note here is .. that both motorola mobility and motorola solutions were different Independent public Companies . so my point still remains valid.. there is no motorola now . the mobile division of nokia is not an independent public company it was a division. Also Google bought the whole company ( mobility) that included patents brand etc .. but Patents,,Brand names are still owned by nokia here . they have just licenced it to Microsoft . and they haven't bought the company only their division although it was a major part of Nokia but nonetheless it was only a part and not an independent company..
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