The completion of the Nokia deal was agreed and completed on April 25th 2014 by Microsoft’s new CEO Satya Nadella for a whopping $US7.2 Billion. Nokia’s phone and tablet business will run as a division in Microsoft called the Devices Group. Stephen Elop, the former Nokia CEO, heads up the division as its executive vice president.
With the deal closed, Microsoft acquires Nokia’s smartphone and mobile phone businesses, its design team, most of its manufacturing and assembly facilities and operations, and sales and marketing support. But what will this mean for Microsoft?
Microsoft is continuing day by day to grow and achieve their goal of becoming a Devices and Services company. The acquisition of Nokia will strengthen this even more, recent demoes at BUILD and other reports leaking already about a new line of Nokia Lumias arriving this summer can only mean it’s a matter of time before the Tech Giant that is Microsoft Corporation chips away at the all-important shares that Apple and Android currently own.