Microsoft officially announces about owning Nokia devices and service business. In September 2013, Microsoft acquired Nokia for a billion dollar deal worth of $7.2 billion. Today both the companies Microsoft and Nokia announced about coming together as one. Will Nokia renamed as “Microsoft Mobiles”?
Both Microsoft and Nokia officials shared few words about coming together on their official blog’s,
Open letter from Stephen Elop,
Today we are announcing that the acquisition of substantially all of the Nokia Devices and Services business by Microsoft has reached completion, following approval by Nokia shareholders and regulatory authorities.
“As Microsoft and Nokia Devices and Services come together as an expanded family, we will unify our passion, dedication and commitment to bringing you the best of what our joint technologies have to offer.”
Microsoft’s CEO Satya Nadella,
“Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities and assets they bring will advance our transformation – Together with our partners, we remain focused on delivering innovation more rapidly in our mobile-first, cloud-first world”
“Microsoft refers to Microsoft Corp. and its affiliates, including Microsoft Mobile Oy, a subsidiary of Microsoft. Microsoft Mobile Oy develops, manufactures and distributes Lumia, Asha and Nokia X mobile phones and other devices.”
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SOURCE: Microsoft Blog | Nokia Conversation