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Microsoft's acquisition over Nokia's closing date gets confirmed

On the morning of September 3rd, 2013 we got up with a shocking news, that confirmed the American multinational software corporation's acquisition over the Finnish based smartphone manufacturer Nokia and it's related devices, service business, license of patents and mapping services for about only 5.5 Billion Euros.

Yesterday the Redmond company's official blog shared a news, that they have almost completed all the necessary steps to finalize the Microsoft's acquisition over Nokia Devices and Service business. Following this Microsoft will complete all their transaction by this Friday, 25th of April, and will officially welcome the Finnish devices and service to the American family.

It is also read that, Microsoft's acquisition of Nokia will help them accelerate innovation and market adoption for the future Windows Phone, and they look forward to introduce Microsoft services to their next Billion customers through Nokia made smartphones.

Brad Smith, General Counsel & Executive Vice President, Legal & Corporate Affairs, Microsoft has also made it clear that, keeping this multinational agreement in mind, both the companies have made significant adjustments to the original deal throughout the preparation process, including online assets management, where from then Microsoft will be managing Nokia's official online web domain and other social media sites. Other adjustments talks about the shift of 21 Nokia employees working on mobile phones, who will have to move their offices to Microsoft to continue their work, unlike the original deal, which said that, all employees in Nokia's Chief Technology Office will be continuing with Nokia. Lastly, the Americans were previously said to acquire Nokia's Korean manufacturing facility, where they have adjusted the agreement to not do so.

Source: Microsoft