On Monday, Microsoft announced that the pending sale of Nokia’s Mobile Devices and Services division will finally close. The announcement brings an end to the speculation that this sale wouldn’t finally close, and gives both companies the satisfaction knowing it will.
The announcement on the Microsoft legal page on Monday, tells that the sale of the Nokia Devices and Services business will close on April 25th, 2014. Microsoft stated that it will officially welcome Nokia with open arms and make Nokia officially part of the Microsoft family.
Agreements Made To Deal
This large purchase by Microsoft has had a lot of regulators looking at it around the world, and Microsoft has had to make some adjustments to the deal to appease these regulators. Microsoft for instance will manage the nokia.com domain and social media sites for a year, and benefit customers and companies with it.
Additionally to the nokia.com domain management, 21 employees in China will continue to work on mobile phones, but will join Microsoft to continue their work. The original deal also had Microsoft buying Nokia’s Korean manufacturing facility, and now according to the latest release, Microsoft will not be acquiring this facility.
What This Means For Microsoft
Microsoft will have the Nokia brand of their devices and services business under their arms at the end of April. It will give Microsoft the strength of their mobile services and products, and give them the ability to leverage Windows Phones into the future. Microsoft needed this purchase to grow Windows Phone, and will be able to do it now.
Lots of people were doubting whether this purchase would go through, due to regulators and countries debating it, but Microsoft came out ahead, and now will acquire Nokia on April 25th, 2014. It will be a new type of Nokia in their future, but it will create a mobile giant that can grow in the upcoming years. Microsoft will need to know how to manage this large mobile giant, and create great devices and services as a result of it.
This is spectacular news for Microsoft. It gives them Nokia and gives them a mobile giant for the years ahead.
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