Only a few days remain before Microsoft closes its acquisition of Nokia's mobile business
If things had gone exactly to plan, Microsoft would have tied the knot with Nokia by now. However, red tape is sometimes sticky business, especially when it's coming from all directions. Regardless, Microsoft today announced that it's completed all the necessary steps to finalize its acquisition of Nokia's Devices and Services business (mobile handsets and such, in other words). The transaction will be complete on Friday, April 25.
The delay gave Microsoft and Nokia time to hammer out some additional specifics. For example, the original deal didn't make any mention of online asset management, but the two sides have since agreed that Microsoft will manage the Nokia.com domain and social media sites for up to a year.
Microsoft also convinced Nokia to transfer its 21 employees in China working on mobile phones to join the Redmond outfit, whereas previously all workers in Nokia's Chief Technology Office would continue employment at Nokia.
"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. In addition, we look forward to introducing the next billion customers to Microsoft services via Nokia mobile phones," Microsoft stated in a blog post.
Timing of the finalized deal comes just as Microsoft has begun rolling out its Windows Phone 8.1 update with Cortana voice assistant software.