Microsoft Officially Completes Acquisition of Nokia Devices and Services Business

Microsoft Officially Completes Acquisition of Nokia Devices and Services Business

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Microsoft has announced it's completed its acquisition of the Nokia Devices and Services business. The acquisition has been approved by Nokia shareholders and by governmental regulatory agencies around the world. The completion of the acquisition marks the first step in bringing these two organizations together as one team.

“Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities and assets they bring will advance our transformation,” said Microsoft CEO Satya Nadella. “Together with our partners, we remain focused on delivering innovation more rapidly in our mobile-first, cloud-first world.”

Reporting to Nadella is former Nokia President and CEO Stephen Elop, who will serve as executive vice president of the Microsoft Devices Group, overseeing an expanded devices business that includes Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Surface, Perceptive Pixel (PPI) products, and accessories. Microsoft welcomes personnel with deep industry experience in more than 130 sites across 50 countries worldwide, including several factories that design, develop, manufacture, market and sell a broad portfolio of innovative smart devices, mobile phones and services. As part of the transaction, Microsoft will honor all existing Nokia customer warranties for existing devices, beginning April 25, 2014.

As with any multinational agreement of this size, scale and complexity, Microsoft and Nokia have made adjustments to the deal throughout the close preparation process. As announced previously, Microsoft will not acquire the factory in Masan, South Korea, and the factory in Chennai, India, will stay with Nokia due to the tax liens on Nokia’s assets in India that prevent transfer. As a result, Microsoft will welcome approximately 25,000 transferring employees from around the world.

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Microsoft Officially Completes Acquisition of Nokia Devices and Services Business

Nat - April 25, 2014 at 4:12pm
Delivering innovation? Are they even that close to being iPhone even after balmer couldn't take it, besides what did they ever succeed in iPhone didn't? Being the most clueless shit and not fix what still is broken. Lumpia is the nearly crackberry.
Trojan - April 25, 2014 at 3:53pm
Microsoft buys Nokia because their service isn't that great
K - April 25, 2014 at 4:09pm
And they were tired of using their strategies making the same shit and use it to mock iPhone which only expresses their jealousy.