Microsoft’s acquisition of (most of) Nokia is set to close on April 25th

Daniel Bader

April 21, 2014 12:05 pm

Nokia Oyj, the company’s public name, will soon be Microsoft Mobile Oy. Microsoft’s $7.2 billion acquisition of Nokia’s Devices and Services division, including its manufacturing, design and engineering facilities, will close this Friday, April 25th.

Brad Smith, Microsoft’s General Counsel, wrote in a blog post today,“the completion of this acquisition follows several months of planning and will mark a key step on the journey towards integration. This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones.” He also notes that elements of the original deal have changed:

“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. We’ve entered into numerous agreements to address items ranging from manufacturing to IT.”

The specific changes are as follows:

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

· The original deal had all employees in Nokia’s Chief Technology Office continuing with Nokia. We’ve adjusted the agreement 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.

Microsoft is on the verge of releasing Windows Phone 8.1, and has changed the licensing terms for OEMs, making the software available for free for devices under 9-inches in screen size. Microsoft will retain many Nokia employees, with the division will still being run by former Nokia CEO, Stephen Elop.

Nokia will continue to invest in its core non-mobile products, including HERE, its mapping solution, and NSN, Nokia’s networking division.

SourceMicrosoft

 

  • ToniCipriani

    End of an era. If you remember owning a Nokia dumbphone, you had an awesome childhood. Kids these days with their large screen slates will never understand the joys of playing Snake on a 84×48 green LED dot matrix.

    • Walter

      Something’s need to be left in the past. However if MS does manage Nokia’s intellectual property correctly they have a bright future indeed.

    • Vương Vi-Nhuyễn – 王微軟

      No, the glory of the past should inspire the future, learn from what went wrong the first time, and improve upon that. :-]

    • Vương Vi-Nhuyễn – 王微軟

      It’s not the end of an era, it’s the continuation, only with better software for everyone. ;-)

  • MrMM

    Nokia has been releasing some interesting products lately.. looking forward to see what MS will do for the company now

  • luke

    I miss old Nokia, when people actually cared about talking and making phone calls, and RECEPTION AND CALL QUALITY -. I hate microsoft. BUYER BEWARE!
    MICROSOFT STORES PRIVATE USER INFORMATION “young”s site was shut down after exposing microsfot” LOOK IT UP!
    “MICROSOFT IS JUST A FRONT FOR LAW ENFORCEMENT!” – cover for wiretap

    • Vương Vi-Nhuyễn – 王微軟

      So is every other major software vendor, and it’s not bad, Microsoft stores our information to give us a better and more ”consumer friendly” experience, I’m happy that Microsoft does it, I’d willingly let Cortana read all my e’mails to get a more personalized Windows Phone. :-)

    • luke

      I politely disagree. Not saying perfect but President Obama is “only allowed to use blackberry” due to security reasons. there are other options, also can use sear engines like startpage and lets keep the net private, like it should be.

  • Trent Anderson

    This is really enlightening. I can’t wait to see how Microsoft meets consumer needs through combining hardware seamlessly with their software.