Microsoft to complete Nokia hardware division takeover April 25

Microsoft to complete Nokia hardware division takeover April 25

PanARMENIAN.Net - Microsoft has announced that its takeover of Nokia's Devices and Services division will be completed on April 25, according to Digital Spy.

Last September it was revealed that the PC maker had paid $7.73bn for "substantially all" of the Nordic company's phone business and patents. The process hit several delays into 2014, as the acquisition sought regulatory approval from 15 market areas.

"The completion of this acquisition follows several months of planning and will mark a key step on the journey towards," Microsoft's general counsel and executive vice president of legal & corporate affairs Brad Smith said in a statement.

"This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones."

However, Smith added that the original agreement has been amended slightly, resulting in Microsoft not taking on a manufacturing facility in Korea.

Instead the company will gain 21 extra Nokia employees than first arranged, as well as Nokia.com and social media sites "for the benefit of both companies and our customers for up to a year".

Former Nokia CEO Stephen Elop will head up the new Microsoft-run division once the acquisition has been finalised on Friday.

 Top stories
Messenger is being upgraded to allow users to share photos, audio clips, videos, animated snippets and other digital content.
The government argues that the new law is necessary in part to give a legal framework to intelligence work in France.
“This year we mark the 100th anniversary of the Armenian Genocide, Turkey’s attempt to annihilate the Armenian people,” Partamian said.
The new guide will replace the old one on the firm's website, and will be sent to users who complain about others' posts.
Partner news