Microsoft has announced that its Nokia deal is nearing final stages and is expected to close by next month. The deal was announced last year when Microsoft said it will be paying a total of $7.2 billion to take over Nokia’s mobile business unit.
According to Brad Smith, General Counsel & Executive Vice President, Legal & Corporate Affairs at Microsoft in the company’s blog post:
“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.”
“In the interim, our top priority continues to be maintaining a great experience for consumers and business continuity for our partners. We remain as excited as ever to welcome the Nokia Devices and Services business officially as part of the Microsoft family”
The company said it has received approvals from regulatory authorities in 15 markets on five continents and currently awaiting approval confirmation in the final markets.
