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Microsoft now officially owns Nokia's devices and services division

Microsoft has sealed the deal on its acquisition of Nokia's devices and services division, Stephen Elop takes reigns of Microsoft's Hardware Division (HKG:0992)

| Business, Financial & Legal News | Posted: Apr 25, 2014 2:21 pm

As announced earlier this week, Microsoft has finally closed the deal on its acquisition of Nokia's devices and services division. Todays finalization sees Microsoft take full ownership of the Nokia Lumia line of smartphones, something the company says is pivotal in taking Windows Phone to the next level. Microsoft says that it will continue to support the Nokia Asha and Lumia X line of non Window's phones, but it is still unclear if they will release any new non windows phone models.

 

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"Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities and assets they bring will advance our transformation. Together with our partners, we remain focused on delivering innovation more rapidly in our mobile-first, cloud-first world," Microsoft's CEO, Satya Nadella said.

 

Stephen Elop, Nokia's former CEO and now head of Microsoft Hardware said: "As Microsoft and Nokia Devices and Services come together as an expanded family, we will unify our passion, dedication and commitment to bringing you the best of what our joint technologies have to offer."

NEWS SOURCES:Engadget.com

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