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.