April 25, 2014
Microsoft Corp. announced today it has completed its acquisition of the Nokia Devices and Services business. The purchase has been approved by Nokia shareholders and by various governmental regulatory agencies.
“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.
Reporting to Nadella is former Nokia president and CEO Stephen Elop, who will serve as executive vice president of the Microsoft Devices Group, overseeing a devices business that includes Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Surface, Perceptive Pixel (PPI) products, and accessories.
Nokia personnel located across 50 countries will join Microsoft. In addition, the company inherits factories that design, develop, manufacture, market and sell a portfolio of smart devices, mobile phones and services.
As part of the transaction, Microsoft will honour all existing Nokia customer warranties for existing devices, beginning today.