Microsoft-Nokia deal finally ready to wrap-up?


More than four months ago, Microsoft announced its intention to acquire Nokia’s devices and services division, making Microsoft not only the company in charge of the Windows Phone 8 platform, but also its largest manufacturer, as well. In the months that have followed, shareholders approved the deal, it was given the blessing of the relevant government agencies, and all roads have been leading to a successful acquisition, to be finalized in the near future. We’ve been expecting that day to come early this year, but we haven’t been able to say exactly when this all might be a done deal. While confirmation still eludes us, a recent statement from Nokia sure makes it look like an announcement is right around the corner.

In a statement this week, Nokia advised investors that its next financial report is going to be a little different, on account of Microsoft’s purchase. Specifically, it intends to label the smartphone arm that Microsoft’s acquiring as “discontinued operations,” and going forward it will only report on its other business interests.

That sure seems to imply that the formal end to this deal, and start of Microsoft’s new role in charge of the Lumia brand, could occur very close to the publication of Nokia’s report, due next Thursday, January 23.

We’ll be keeping out ears open until then in hopes of catching the official news.

Source: Nokia
Via: WMPoweruser

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bits Read more about Stephen Schenck!