Wednesday, July 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Unveils New LEVEL U Wireless Bluetooth Headset
Sony's New Wireless Speakers Available In The U.S.
Fujitsu ETERNUS DX8000 S3 Disk Storage Systems Aim At mainframes And Open Systems
Sony Launches Crowdfunding Platform For Its Products
FIDO Alliance Specifications Add Support for NFC and Bluetooth
Apple Music Goes Live
New Acer Curved IPS Display Comes With AMD FreeSync Support
New Meizu MX5 Unveils In China
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 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
AOL To take Over Microsoft's Display Ads
Nokia, SKT Team Up On 5G Research
Nokia To Return To Phone Business Next Year
Nadella Announces Company Shakeup
Microsoft at E3 2015
Surface Hub Available for Order in 24 markets
Microsoft Showcases new Windows 10 Devices At Computex 2015
Toshiba Partners with Microsoft to Deliver New Internet of Things Solutions
Research Project Can Interpret, Caption Photos
Nokia Networks to Acquire Eden Rock
Microsoft Cortana Coming To Apple and Android Phones
Microsoft, Salesforce Talks Stall On Pricing: report

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 .