Nokia & Microsoft deal completes on April 25

+




For the merger of Microsoft and Nokia, both the companies had already received approval long ago from the US Department of Justice and the European Commission and also few days ago, the approval has been given by the Chinese regulatory authorities for the Nokia and Microsoft merger.

Nokia & Microsoft deal

Nokia & Microsoft deal

 

According to official announcement of Microsoft, all the necessary steps to finalize the acquisition of the Nokia Services business and Devices have been completed. 25th April is the date for completion of transaction.

Meanwhile, few adjustments have been made to the original deal and through this new agreement; Microsoft will manage the Nokia’s online assets including its social media sites and Nokia.com domain.

The adjustment has been made as all 21 execs of Nokia in China will join Microsoft while the original offer was that all the employees in Chief Technology Office of Nokia remain continue with Nokia. In the end, the deal will complete with Microsoft not taking control over the Nokia’s Korean manufacturing facility while the initial acquisition included that.

After breaking this news by Microsoft, it took over 7 months to complete the acquisition but anyway it’s done finally.

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)


Advertisement

Comments are closed.