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Microsoft Will Close Nokia Acquisition Deal on Friday
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Microsoft Will Close Nokia Acquisition Deal on Friday

Another tech-mobile deal is on the rise; Microsoft has announced that its proposed acquisition of Nokia's Devices a...

Microsoft Will Close Nokia Acquisition Deal on Friday

Another tech-mobile deal is on the rise; Microsoft has announced that its proposed acquisition of Nokia's Devices and Services business will be completed this Friday. In Microsoft's official blog, General Counsel and Executive Vice President Brad Smith said that after months of planning, the company would officially welcome Nokia Devices and Services on April 25.

 

Even though Microsoft marks a slow growth in the mobile platform, the $7.2 billion acquisition could strengthen the company's presence in this department. Smith says, “This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones. In addition, we look forward to introducing the next billion customers to Microsoft services via Nokia mobile phones.”

 

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Microsoft and Nokia have ready made a variety of joint decisions, ranging from IT to manufacturing. For instance, for the upcoming year,  the companies have agreed that Microsoft will manage the nokia.com. domain and the social media websites.

 

Also, some adjustments to the companies' agreement have been made;  Microsoft will not obtain Nokia's manufacturing facility in Korea, and 21 employees in China’s Chief Technology Office will join Microsoft.

 

However, there have been rumours circling about, notably, that Microsoft would dub Nokia's mobile unit “Microsoft Mobile.”

 

As the closing date nears, we can only wait and see if all adjustments are finalized and the rumors true, so stay tuned.

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