The merger between Microsoft and Sweden-based Nokia will likely be finalized this week, say reports, as Nokia announced a January 23 conference call and 2013 earnings reports.
The merger, inked for $7.2 billion, received clearance from the US Department of Justice last month and the parties had expected an early-2014 merger finalization. While unconfirmed, reports say Nokia alluded to the transaction’s closure in its conference call announcement, noting that the company is reporting “all of its Devices & Services businesses as discontinued operations in its fourth quarter 2013 and full year 2013 results report.”
Microsoft and Nokia have been tech partners since 2011, but following the acquisition, Microsoft will own Nokia’s handset operations.
Full Content: Latino Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI