Microsoft on April 25, 2014 announced the completion of their acquisition of the Nokia Devices and Services Business. For those who don’t know Nokia and Microsoft has agreed for a deal last year which was left for an approval by shareholders and various government bodies which operate in different regions where the company had their setup. This deal got all the necessary approvals and have finally been closed now with Microsoft having all the operating rights.
Stephen Elop who was the former CEO, Nokia will now be reporting Microsoft current CEO, Satya Nadella and will head Microsoft Devices group with Nokia device lineup and Microsoft hardware like the Xbox and Surface. Microsoft now having its own hardware business will work closely with Windows Phone operating system expecting a better future. Windows Phone operating system as we all know have been ranked third most popular mobile operating system by the IDC with 91 percent gradual growth year after year. Microsoft will now also be targeting the budget handset for the population which was earlier left out.
Microsoft will not acquire the factory in Masan, South Korea, and the factory in Chennai, India. They will stay with Nokia due to the tax liens on Nokia’s assets in India that prevent transfer. As a result, Microsoft will welcome approximately 25,000 transferring employees from 130 sites across 50 countries worldwide.