Microsoft’s Acquisition Of Nokia Could Be Delayed Due To India Audit

March 31, 2014
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reported that the final takeover could be delayed by up to six months. Both Nokia and Microsoft recently said that the final transaction was delayed until April 2014, but the continuing legal battle in India has now taken a turn for the worse. Authorities in India have accused Nokia of trying to evade paying $545 million dollar in taxes. If you think this is big, India also wants Nokia to pay for future liabilities that could come in at $3.4 billion — $500 million is set as an upfront payment for this mountain of a figure. And in order to create clarity, India has now ordered a special audit that, due to its sheer complexity, could take up to six months to complete. Nokia, in the meantime, have confirmed that they have received orders for the audit. Now although the company has said that it would comply with authorities, it has declined to say if the audit would affect the deal. I guess we will find out in the coming weeks.]]>

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Mike Johnson is a writer for The Redmond Cloud - the most comprehensive source of news and information about Microsoft Azure and the Microsoft Cloud. He enjoys writing about Azure Security, IOT and the Blockchain.

All Comments

  • Delayed even more! Wow, has to be frustrating news for Redmond. Best of luck, Microsoft.

    Sally Black March 31, 2014 12:36 pm Reply
    • You’re right. Even though these are some serious issues, Microsoft’s first concern at this point has to be the amount of delays it has endured. They’re definitely having discussions on whether or not this is worth it.

      Wayne S March 31, 2014 2:03 pm Reply
  • I wonder if Microsoft is questioning getting into business with Nokia at all now. At this point, it seems like more harm than good.

    Bill Franklin March 31, 2014 12:47 pm Reply
  • It’s a flawed system if one country can hold up things over such BS

    Ray C March 31, 2014 12:48 pm Reply
    • The system may be flawed. But with all due respect, I wouldn’t call $545 million dollars in tax evasion BS. Then again, I’m not sure of the legitimacy of these accusations, but if they’re indeed true, it’s a big deal.

      Jason Claven March 31, 2014 12:51 pm Reply
      • It’s probably somewhere in the middle of real and BS. I think there’s some truth to these accusations, but overall, India seems to have it out for Nokia right now.

        Emily W March 31, 2014 1:34 pm Reply

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