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Nokia and Microsoft to finalize acquisition deal on April 25th, 2014

Microsoft will finally take full control of Nokia's Devices and Services division on April 25th, will be renamed to Microsoft Mobile.

@CharlesJGantt
Charles Gantt
Published Mon, Apr 21 2014 11:50 AM CDT   |   Updated Tue, Jun 16 2020 4:29 PM CDT

In just four days, one of the biggest names in mobile communication will cease to exist as we know it for ever. Today Nokia announced that it would be finalizing the acquisition deal with Microsoft on April 25th. This deal began back in September of 2013 when Microsoft announced that it had begun the acquisition of Nokia's Devices and Services division for $7.2 billion, and would take over Nokia's mobile phone business in 2014.

Nokia and Microsoft to finalize acquisition deal on April 25th, 2014 | TweakTown.com

"The completion of this acquisition follows several months of planning and will mark a key step on the journey towards integration. This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones. In addition, we look forward to introducing the next billion customers to Microsoft services via Nokia mobile phones," Microsoft said in a statement.

Microsoft says that in the deal, it will acquire all of Nokia's Devices and Services division, the Nokia.com website, all of Nokia's social media assets, and Microsoft will take on all the employees in Nokia's Chief Technology Office as well as 21 employees in China. Microsoft will not take possession of Nokia's South Korean manufacturing facility though despite previous reporting that it would. The new Microsoft owned entity will most likely be called, Microsoft Mobile.

NEWS SOURCE:press.nokia.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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