Microsoft-Nokia acquisition deal to close on Friday
Microsoft has announced today that it would complete its acquisition of assets from Nokia on Friday. The deal has already had minor changes from the time it was first drafted, reported TechCrunch.
The acquisition plan was initially expected to close during the first quarter of 2014. The company has announced that the deal would close this month and finally hit their target despite international hang-ups causing some of the dates to be pushed back.
Minor changes in the deal included Microsoft’s decision to not get a Korean manufacturing facility. The changes in the deal showed that the 21 employees of Nokia which were not part of the original planned agreement would transfer to Microsoft. Meanwhile, Redmond will “manage the nokia.com domain and social media sites for the benefit of both companies and our customers for up to a year.” The adjustments in the acquisition deal valued $7.2 billion will allow Microsoft to employ more than ten thousand Nokia workers.