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April 25, 2014 04:00 pm GMT

Microsoft Now Officially Owns Nokia's Phone Business

Satya-nadella-stephen-elop1

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.

See also: 5 Futuristic Nokia Patents Microsoft Should Make

“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. Read more...

More about Acquisition, Microsoft, Nokia, Business, and Mobile

Original Link: http://feeds.mashable.com/~r/Mashable/~3/zw8HsKOJwOY/

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