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Stepen Elop, executive vice president of Nokia, demonstrates the picture taking ability of the new Nokia Lumia 930 phone during a keynote address of the Microsoft Build Conference.
Image: Eric Risberg/AP
Stepen Elop, executive vice president of Nokia, demonstrates the picture taking ability of the new Nokia Lumia 930 phone during a keynote address of the Microsoft Build Conference.
Image: Eric Risberg/AP
MICROSOFT WILL COMPLETE its €5.4 billion acquisition of Nokia’s handset businesses on Friday, but the final deal will feature a few changes to what was agreed last year.
The company said it had completed the “steps necessary” to complete the deal and will help it “accelerate innovation and market adoption for Windows Phones.”
For one, the new details include Microsoft managing the nokia.com domain and social media sites for up to a year. At the end of that period, Nokia will take back control of the domain.
The original deal had all employees in Nokia’s Chief Technology Office continuing with Nokia. Now it will also include Nokia’s Chinese mobile phone branch, meaning its 21 employees will be made Microsoft employees.
However, Microsoft confirmed it wouldn’t be acquiring Nokia’s Korean manufacturing facility which employs roughly 200 people. It’s possible that the plant, which manufactures phones, will be closed down by Nokia.
Originally, the deal was supposed to be completed last month, but was delayed as it was still waiting for approval from regulatory authorities in Asia.
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