Sunday, November 29, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 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.

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
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Black Friday Deals on Microsoft device
Microsoft Offers Movies, Music, Games, And Apps For just 10 Cents
Microsoft Starts Selling The New Lumia 950 Phones
Microsoft To Store Customers' Data in Germany
Microsoft To Offer Cloud Services From Data Centers Based in The UK
Microsoft Band Available Today
Microsoft Opens Flagship Store on New York City’s Fifth Avenue
Microsoft Buys Havok
Microsoft Works On A Laptop Battery System That Adapts To Your Habits To Last Longer
Microsoft Expands Licensing Agreements With Asus, I-O Data
Google, Microsoft Resolve Global Patent Fight

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .