
India’s supreme court asked Nokia to provide guarantee of 35 billion rupees ($572.5 million) in an escrow account before it is allowed to transfer its Chennai plant and other assets in the country to Microsoft reports Reuters. Back in September last year Microsoft agreed to buy 5.4 Billion Euros cash, 3.79 Billion for devices and services 1.65 Billion for the associated patents. Continue reading “Nokia’s appeal over asset transfer to Microsoft rejected by Supreme Court of India”










