Nokia just hit a $571-million obstacle to completing its deal with Microsoft

The Supreme Court of India ruled today that Nokia must deposit $571 million in an escrow account before it can transfer its factory in India to Microsoft as a part of its 5.4-billion-euro deal to sell its mobile phones business. Nokia has no further legal recourse in India. The company said it was disappointed and was considering its options. It can shut down the plant, which is the worst possible outcome for everyone.

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