FTC Approves Microsoft's Acquisition of Nokia's Handset Biz
The U.S Federal Trade Commission today approved Microsoft's proposed $7.2 billion purchase of Nokia's handset business. Microsoft first announced the plan in early September. With the U.S. government on board, Microsoft is one step closer to absorbing Nokia's phone-making capabilities. Nokia's shareholders have already approved the deal. Nokia switched to Microsoft's Windows Phone platform in 2011 and has since become the world's foremost supplier of Windows Phone handsets. Nokia will continue to run its networking business and will retain rights to the Nokia brand.
Microsoft Makes Branding Change Official
Microsoft today indicated its branding transition from Nokia Lumia to Microsoft Lumia is progressing as planned. Microsoft has slowly been rebranding apps, services, and web sites from Nokia to Microsoft.
Microsoft to Drop Nokia Brand from Smartphones
Microsoft indicated that it is prepared to drop the Nokia brand from its line of Windows Phones. Moving forward, the company will use the Microsoft Lumia name to refer to its phone hardware.
Nokia Pins Smartphone Comeback on HMD Global
Nokia today said it plans to return to the smartphone business during the first half of 2017 through its partnership with HMD Global. HMD Global recently completed a series of transactions between HMD, FIH Mobile Limited, and Microsoft that will allow it to make phones bearing the Nokia brand.
Microsoft's Jo Harlow to Depart, Too
Microsoft has confirmed that Jo Harlow, head of the company's mobile phones, will leave alongside device chief Stephen Elop in the weeks ahead. Harlow began at Nokia in 2003 and played a role in Nokia's switch to Windows Phone in 2011.