Monday, 21 April 2014

Nokia says its sale to Microsoft will close on April 25th

Nokia expects Microsoft to finally take control of its devices division on April 25th, the company announced today. The $7.2 billion deal — first announced in September of last year — will see Nokia sell "substantially all of its Devices and Services business to Microsoft." Nokia's latest update says that "certain customary closing conditions" are all that stands in the way of the acquisition being finalized. That suggests antitrust authorities in Asia have signed off on the deal after holding things up last month, forcing Microsoft and Nokia to push back their estimated closing date.
"This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones," Microsoft said in a statement. Several changes...
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