Story image

Microsoft sets official Nokia acquisition completion date...

22 Apr 2014

Microsoft has completed the steps necessary to finalise the company's acquisition of the Nokia Devices and Services business, with the transaction set to be complete on April 25.

Revealed via Redmond's Official Blog Post, the completion of this acquisition follows several months of planning and according to the tech giant, "will mark a key step on the journey towards integration."

"This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones," wrote Brad Smith, General Counsel & Executive Vice President, Legal & Corporate Affairs, Microsoft.

"In addition, we look forward to introducing the next billion customers to Microsoft services via Nokia mobile phones.

"As with any multinational agreement of this size, scale and complexity, our two companies have made adjustments to the original deal throughout the close preparation process."

According to Smith, Microsoft has entered into numerous agreements to address items ranging from manufacturing to IT. These include the following:

· While the original deal did not address the management of online assets, the two companies have agreed that Microsoft will manage the nokia.com domain and social media sites for up to a year.

· The original deal had all employees in Nokia’s Chief Technology Office continuing with Nokia. Redmond has adjusted the agreement slightly so the 21 employees in China working on mobile phones will join Microsoft and continue their work.

· The original deal had Microsoft acquiring Nokia’s Korean manufacturing facility. The agreement was adjusted and Microsoft will not acquire the facility.

Story image
17 Jan
Hyland: Six enterprise technology trends driving growth in 2020
“In order to gain a competitive edge and amplify growth, organisations are striving to improve customer experiences, streamline operations and mitigate risk.”More
Story image
17 Jan
Tollring brings on new APAC business strategy lead, gears up for 'aggressive growth'
“We’re delighted to have a person of Graham’s calibre join our leadership team, to help deliver on our exciting product roadmap and to drive our aggressive expansion plans for the region."More
Download image
Get the most out your MSP spending with the right solution stack
MSPs want the solution that provides the expertise that can be leveraged to improve efficiency, increase scalability and growth while demonstrating a positive ROI. More
Link image
Whitepaper: Everything you need to know to build a strong cyber defence
There’s no denying the cybersecurity challenges: lack of skills, compliance and the changing threat landscape are just the tip of the iceberg.More
Story image
16 Jan
IDC on used smartphone market: No signs of slowing down
"In contrast to the recent declines in the new smartphone market, as well as the forecast for minimal growth in new shipments over the next few years, the used market for smartphones shows no signs of slowing down across all parts of the globe."More
Story image
13 Jan
QNAP boosts data-transfer capabilities with CloudFuze
CloudFuze offers end-to-end cloud file and user migrations for individuals and business users, including managed migrations for large enterprises.More