Nokia Says Completion of Microsoft Deal Delayed Until April

Nokia Oyj, working to complete the sale of its mobile-phone division to Microsoft Corp., said the 5.44 billion-euro ($7.5 billion) transaction will be delayed until next month as Asian regulators review it.

Microsoft, based in Redmond, Washington, is buying the business and licensing some patents to challenge Apple Inc. and Samsung Electronics Co.’s dominance of the smartphone market. Espoo, Finland-based Nokia is selling the unprofitable unit to try to stem losses by focusing on wireless-network equipment.