Microsoft's $7B Nokia Buy Delayed By Asian Regulators

Law360, New York (March 24, 2014, 11:19 AM EDT) -- Nokia Corp. announced early Monday that ongoing deliberations with certain antitrust regulators in Asia have held up the €5.44 billion ($7.4 billion) sale of its handset and services units to Microsoft Corp., a deal the companies had expected to close by the end of this month.

Both Nokia and Microsoft issued statements saying that they now expected the deal to close sometime in April once all regulators have signed off, though only Nokia confirmed that the regulators holding up the process were in Asia.

"The transaction...
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