Microsoft's acquisition of Nokia's Devices and Services business is
now complete, both companies have announced.
The $7.2 billion deal, originally announced in September
2013, was approved by Nokia shareholders one month later, and has now
been approved by governmental regulatory agencies around the
world.
“Today we welcome the Nokia Devices and Services business to our
family. The mobile capabilities and assets they bring will advance
our transformation,” said Microsoft CEO
Satya Nadella.
Stephen Elop chimed in with a similarly worded open letter. "As
Microsoft and Nokia Devices and Services come together as an
expanded family, we will unify our passion, dedication and
commitment to bringing you the best of what our joint technologies
have to offer (...) From today onwards, the possibilities are
endless. As now, we’re one," he wrote.
Microsoft's press release seems to confirm a recently leaked memo, which
indicated Microsoft would be renaming Nokia to Microsoft
Mobile.
"Microsoft refers to Microsoft Corp. and its affiliates, including
Microsoft Mobile Oy, a subsidiary of Microsoft. Microsoft Mobile Oy
develops, manufactures and distributes Lumia, Asha and Nokia X
mobile phones and other devices," writes Microsoft.
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