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Microsoft-Nokia Buyout Delayed

March 25th, 2014 - 2:15 pm

On top of Nokia’s tax troubles in India, now there are undisclosed regulatory hurdles:

“We are nearing the final stages of our global regulatory approval process—to date we have received approvals from regulatory authorities in 15 markets on five continents,” wrote Microsoft’s general counsel Brad Smith in a blog post announcing the delay in closure of the transaction.

A Nokia spokeswoman in India declined to name the countries where Nokia and Microsoft still need antitrust clearance. China has not yet approved the deal, according to sources.

The Competition Commission of India approved the deal in October, as it found that the combination of the two companies will not likely have an “appreciable adverse effect” on competition in the country.

Nokia’s handset factory in Chennai in south India has, however, been frozen by Indian federal authorities in a dispute over taxes for mobile phone software licenses.

Pretty sure the deal will still go through, but still unsure why Microsoft is spending so much money to acquire a flailing phonemaker in an market where Microsoft is at best an also-ran.

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Because no doubt their management structure thinks they'll make it up in volume.

Unless they get it together, RIM inside of a decade.
22 weeks ago
22 weeks ago Link To Comment

"...why Microsoft is spending so much money...in [a] market where Microsoft is at best an also-ran."

Because Microsoft suffers from a typical Fortune 500 lack of self-awareness. They have no clue what they're good at, nor do they understand what market they're in. They still believe it's 1992 and the main competition for their core competency is Apple--which was probably never true in the first place.
22 weeks ago
22 weeks ago Link To Comment
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