Steve Ballmer and Stephen Elop

Microsoft’s Nokia Acquisition Delayed Until April

Microsoft’s acquisition of Nokia’s devices and services divisions will have to wait a bit longer to finalize. Both companies announced early Monday that the deal, expected to close this month, won’t wrap up until April as regulatory agencies in Asia have yet to issue approval.

UK Flag Pound Sterling

UK Moves to Close Digital Download VAT Loophole

Online shoppers may soon face higher costs thanks to changes to the UK budget. In an attempt to close a VAT loophole for digital download purchases, retailers such as Apple and Amazon will have to calculate tax based on the location of the consumer, not the retailer.

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