Microsoft officially takes over Nokia's Devices and Services Unit

Nokia logoMicrosoft has just announced that the Nokia takeover deal has been successfully completed and received the go-ahead from all governmental regulatory agencies across the world. At the same time, Nokia's shareholders have also approved the deal, so now Microsoft can proceed with implementing Nokia's Devices and Services unit into its own business.

Former Nokia President and CEO Stephen Elop will join the software company as executive vice president of the Microsoft Devices Group and will be responsible for every single device built by the Redmond-based giant, including Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Surface, Perceptive Pixel (PPI) products, and accessories. Elop will report directly to CEO Satya Nadella.

Although it's taking over the Devices and Services unit, Microsoft says that it's honoring all existing Nokia customer warranties for existing devices, beginning April 25, 2014.

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

Microsoft's $7.2 billion takeover deal of Nokia's Devices and Services business does not include the factory in Masan, South Korea, and the one in Chennai, India, due to opposition coming from the local authorities. They will both continue to work under Nokia's umbrella, Microsoft said.

And still, Redmond will transfer no less than 25,000 Nokia employees across the world who will continue to work on the same projects, but under the supervision of Microsoft.

As far as Microsoft's future plans are concerned, the company said in a press release that it'll focus on the affordable mobile devices market with new products running Windows Phone.

“With the Nokia mobile phone business, Microsoft will target the affordable mobile devices market, a $50 billion annual opportunity,2 delivering the first mobile experience to the next billion people while introducing Microsoft services to new customers around the world,” Microsoft said.

The deal between Microsoft and Nokia was officially announced last year in September and took more than 6 months to complete, pretty much because of the negotiations that Redmond had to hold with authorities across the world in order to give guarantees that no competition rules are infringed. Several large companies have asked for regulators to look into the deal and make sure that Microsoft won't use Nokia's patent for its own benefit, including Samsung and Google.

Source: Softpedia

Tags: Microsoft, Nokia

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)