Nokia and Microsoft had already received green light for the merger
from the European Commission and the US Department of Justice long ago
and the Chinese regulatory authorities also gave their approval for the merging of Nokia with Microsoft just a few days ago.
Microsoft has now officially announced that they have completed all
the steps necessary to finalize the acquisition of the Nokia Devices and
Services business. The transaction will be completed on April 25.
Meanwhile, there have been some adjustments to the original deal and
the new agreement will now allow Microsoft to manage online assets of
Nokia that include nokia.com domain and other social media sites.
While the original offer had all the employees in Nokia's Chief
Technology Office continuing with Nokia, that has been adjusted and now
all 21 execs in China will join Microsoft. Lastly, the acquisition
included the Nokia's Korean manufacturing facility, but the deal will
complete without Microsoft taking control over it.
It took more than 7 months to complete the acquisition after Microsoft broke the news, but nevertheless it's finally done!
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