Saturday, February 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG 2017 Gram Notebooks Start From $999
Samsung, Apple To Focus On Bio Authentication Services
Nokia Captured 9 Percent Global Feature Phone Marketshare in 2016
Secure Folder Now Available for Galaxy S7, Galaxy S7 edge
LG X Power2 Smartphne Packs A 4,500mAh Battery And A 5.5-inch Display
Samsung Introduces Measures to Enhance Transparency in Financial Donations
Google's Waymo Sues Uber Over Self-Driving Patents
New Razer Power Bank Will Charge Your Laptop, Smartphones
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Nokia D...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 21, 2014
Nokia Devices and Services Acquisition Expected to Close This Week


Nokia said on Monday it expects the sale of its handset business to Microsoft to be finalized on April 25, as it had received all the required regulatory approvals.

The 5.4 billion euro ($7.5 billion) deal, which was agreed in September, had been delayed due to pending approvals, but earlier this month the companies won a crucial nod from Chinese regulators.

According to Brad Smith, General Counsel & Executive Vice President, Legal & Corporate Affairs, Microsoft, the transaction will be completed this Friday, April 25.

As with any multinational agreement of this size and complexity, Microsoft and Nokia have made adjustments to the original deal. 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. The companies 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.




Previous
Next
AMD Updates Its "Never Settle Forever" Program        All News        Samsung Opens Innovation Museum
Apple Is Eyes The Electronic Payments Market     Mobiles News      Microsoft and Motorola Solutions Sign Licensing Agreement

Get RSS feed Easy Print E-Mail this Message

Related News
Nokia Captured 9 Percent Global Feature Phone Marketshare in 2016
BlackBerry Sues Nokia Over Patents
Microsoft's Outlook.com Premium Emal Service Now Available
Microsoft To Give A Face Lifting To Windows 10 With 'Project NEON'
Microsoft Edge Will Soon Get New Features
Nokia Launches Digital Assistant For Telecommunications Operators
Cloud Services Boost Microsoft's Sales And Profit
Microsoft Announces Intune for Education And New Windows 10 PCs for School
Nokia Rumored To Develop Own "Viki" Mobile Digital Assistant
HMD's Nokia 6 Smartphone Set For Release In China
Nokia OZO Partners with Youku to Create and Distribute 3D 360 VR Content
Microsoft, NXP Semiconductors, IAV and Auto Mobility Partners showcase Technologies For Safe And Personalized Automated Friving at CES 2017

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .