The acquisition of mobile division of Nokia by Microsoft will complete by this week end and will be renamed to "Microsoft Mobiles".
Nokia confirmed that the acquisition of its mobile devices and services business by Microsoft will be complete by April 25, 2014. The company has received all the required approvals.
The deal worth $7.5 billion was still pending because of the approvals, though the two companies already agreed on it in the month of September last year.
Microsoft also said that not only the mobile devices but it will also manage Nokia's online assets including nokia.com domain. The company also said that they might as well rename the division to "Microsoft Mobiles" even when it has bought the rights to use Nokia brand name for 10 years. It has also bought license and use of company's patents and mapping services along with its employees. Microsoft has also bought the rights to use Lumia and Asha brand names.
Microsoft will have to do some marketing and awareness campaigns to tell people that what used to be Nokia is now "Microsoft Mobiles" if they choose to change the name.
Though, Microsoft has not bought Here maps and network equipment business divisions of Nokia.
The two companies also made some changes to the original deal recently to close the deal.
https://anurag189.blogspot.com
Nokia confirmed that the acquisition of its mobile devices and services business by Microsoft will be complete by April 25, 2014. The company has received all the required approvals.
The deal worth $7.5 billion was still pending because of the approvals, though the two companies already agreed on it in the month of September last year.
Microsoft also said that not only the mobile devices but it will also manage Nokia's online assets including nokia.com domain. The company also said that they might as well rename the division to "Microsoft Mobiles" even when it has bought the rights to use Nokia brand name for 10 years. It has also bought license and use of company's patents and mapping services along with its employees. Microsoft has also bought the rights to use Lumia and Asha brand names.
Microsoft will have to do some marketing and awareness campaigns to tell people that what used to be Nokia is now "Microsoft Mobiles" if they choose to change the name.
Though, Microsoft has not bought Here maps and network equipment business divisions of Nokia.
The two companies also made some changes to the original deal recently to close the deal.
https://anurag189.blogspot.com
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