Saturday, April 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple to Replace Some MacBook Pro Laptop Batteries
ZTE's Nubia Red Gaming Phone Released
LG Display's OLED Smartphone Screens Still Not Ready For Apple
Nintendo Labo Kits Now Available
June's VLSI Symposium Focuses on Next Generation Transistor Technology and MRAM
Samsung Not Interested in Nokia's Health Unit
ZTE Says Company's Survival at Risk
2nd Generation AMD Ryzen Desktop Processors Arrive to Offer Great Value
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
Microsoft Unveils Reorganization Plan
Microsoft Previews Windows Server 2019
Microsoft Sees Cloud services As The Future of Games
Microsoft Uses AI to Match Human Performance in Translating News from Chinese to English
New Nokia Photonic Service Engine 3 Chipset Pushes Optical Network Capacity to Limits
Microsoft Offers New Cloud Tools to Health-Care Companies
‌MWC: New Nokia Phones Including Nokia 8 Sirocco Released
Nokia CEO Announces 5G Rollouts
Xiaomi and Microsoft Expand Their Collaboration in cloud, Devices and AI Areas
Windows Defender ATP Coming to Windows 7 and Windows 8.1
Microsoft Reports Quarterly Revenue and Profit on Cloud and Office Consumer Products
Nokia ReefShark chipsets Deliver Performance Gain in 5G Networks

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .