Microsoft’s acquisition of Nokia’s handset business is now expected to close in April.
The companies had been saying that it expected the deal to be finalized in the first quarter of this year.
“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,” Microsoft General Counsel Brad Smith said in a blog post. “Currently, we are awaiting approval confirmation in the final markets.”
When the deal closes, former Microsoft exec and former Nokia CEO Stephen Elop will re-join Microsoft as head of its hardware division. His top lieutenants are expected to join him in Redmond.
In addition, 32,000 Nokia employees — slightly more than half of whom work in manufacturing and assembly in Nokia’s production facilities around the world, while about 4,700 of them work in research and development, engineering and design in Finland — will still work in those facilities but will join Microsoft’s payroll.