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.
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.
Nokia Will Design and License Phones Beginning In 2016
Nokia CEO Rajeev Suri said the company will tackle the mobile phone industry again once its non-compete clause with Microsoft expires next year. Nokia no longer owns any manufacturing facilities and will not make its own phones.
Nokia and Samsung Settle Patent Licensing Deal
Nokia today said it has reached an agreement with Samsung over the licensing of its wireless patents. The companies have been disputing the value of Nokia's patents since Nokia sold its handset division to Microsoft.