Nokia Confident Microsoft Deal Will Close by End of March
Nokia today said that it expects Microsoft to finalize its acquisition of Nokia's handset business by March 31. The company issued a statement regarding some tax difficulties it is facing in India that could complicate the sale. Nokia said the issues won't delay the deal, which it looks forward to closing in the weeks ahead. Microsoft and Nokia had previously suggested the deal would close by the end of the first quarter, so it is running on schedule. Microsoft first proposed to buy Nokia's handset business in September last year. The deal is valued at $7.2 billion.
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.
Nokia Closes Sale of HERE Business to Car Companies
Nokia today said it has closed the sale of its HERE Maps business to a consortium of automobile manufacturers, including Audi, BMW, and Daimler. The sale leaves its telecommunications equipment unit as Nokia's core concern moving forward.
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 Issues Statement On Handset Plans
Nokia today issued a statement reaffirming that it will not manufacture cell phones. "Recent news reports [claim Nokia] communicated an intention to manufacture consumer handsets out of an R&D facility in China.
I hope it Fails