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.” (more…)