News by Andrew Kameka on Monday March 24, 2014.
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Microsoft has received approval from almost all of the major regulatory bodies in the world for its bid to purchase the Nokia Devices and Services division. However, the deal that was expected to be completed by now is heading toward completion next month, according to a new announcement from the company's leading lawyer Brad Smith.
Smith has issued a statement saying that Microsoft awaits approval in the "final markets" and will be complete next month. Once the deal becomes official, Nokia will transfer its patents, product pipeline, workforce, and business relationships related to its smartphone efforts to Microsoft. Nokia will serve as the foundation for a new device division at Microsoft that will be lead by former Nokia CEO Stephen Elop.
"The completion of this acquisition will mark the first step to bring Microsoft and the Nokia Devices and Services business together. Our acquisition will accelerate our mobile-first, cloud-first imperatives. We?re looking forward to accelerating innovation and market adoption for Windows Phones and introducing the next billion customers to Microsoft services via Nokia mobile phones."source: Microsoft
Andrew is based in Miami, Florida.