Monday, April 21, 2014

As Nokia's acquisition nears completion, 'Microsoft Mobile' division likely in the works

Microsoft has assured Nokia customers that the ongoing acquisition deal won’t affect the privacy aspect of users' data. In a letter addressing the Nokia customers, Microsoft also confirmed that Nokia’s buyout deal will close this month. In addition, Microsoft revealed that it is starting a new division called “Microsoft Mobile”, wherein it will keep the assets of Nokia it has acquired.
Last year, Microsoft bought Nokia’s Devices & Services business, licenses to Nokia’s patents, and license and use of Nokia’s mapping services. The $7.2 billion dollar deal was expected to close last month, but got delayed. As the deal will close, Nokia is expected to announce a new CEO as well.

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