Microsoft's Acquisition of Nokia to Close April 25
Nokia will finalize the sale of its handset business to Microsoft on April 25, the company said today. The deal, first proposed last September, has Microsoft acquiring the Devices & Services business from Nokia, which will retain its network business and HERE Maps business. The transaction has already been approved by regulators in the U.S., Europe, and Asia, and has been approved by the boards of both Microsoft and Nokia. According to Microsoft there are a few changes to the agreement: Microsoft will manage the Nokia.com domain name and social media sites for a year; Nokia will transfer 21 employees from Nokia's Chief Technology Office in China to Microsoft; and Microsoft will no longer acquire Nokia's manufacturing plant in Korea. Once the sale is complete, Microsoft will officially become a manufacturer of smartphones, putting it more directly into competition with Apple and Google.
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.
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.
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 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.