Microsoft To Finalise Nokia Aquisition Within 20 Days

micronokia

Microsoft’s $7.2 Billion acquisition of Nokia’s Devices and Services division could be completed in the next 20 days, after Nokia made some progress in their tax disputes in India.

According to a post in LiveSide.net the deal, which is scheduled to be finished in the first quarter of 2014 is about to be completed. The deal has been approved by Nokia Shareholders and received regulatory approval in most major markets, but China, India and Korea had been slowing things down a bit. These roadblocks appear to be about to pass meaning on going production of Nokia’s smartphones and feature phones will soon be done under Microsoft ownership.

Nokia’s outgoing CEO Stephen Elop will head Microsoft’s Devices and Studios Division, meaning he will oversee the Windows Phone team, including the staff coming in from Nokia, as well as Xbox One and Surface production.

Source LiveSide

Lenny Bonsignore
Lenny Bonsignorehttp://www.OneTechStop.net
Lenny Bonsignore @LennyBons34 is Owner/Editor- in -Chief of OneTechStop, Sports fan, Tech guy, & Mailman by Day [email protected]

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4 Comments

    • Initially I was pretty sad when I heard the news, but as I’ve had time to get used to it, and knowing that effectively the same team will still be doing the design and production of devices, I am more comfortable with it. Especially as I believe it was Nokia wanting to sell rather than MS wanting to buy.

      • I think ELOP was the only one wanting to sell.. Microsoft had their backs against the wall.. They had to buy Nokia.. Nokia controlled almost 90% of WP mkt share. They were worried of Nokia. If Nokia decides to leave and shift to Android they are going to get screwed.

        It was a no choice for MSFT.

        Some leaked news Ive read that Ballmer wanted this so bad, he even had rants on the board room about it. He even wanted to buy the Here Maps too.

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