It’s all over now. Microsoft has officially closed the $7.2 billion acquisition, which is far lesser than that of Skype, is now complete, and Nokia Mobility Division is now a part of Microsoft.
Everything has an end. After 150 successful years, and bringing mobile phones to common man, Nokia is finally taking a huge step towards integrating its services tightly with Microsoft, which saw a huge dip in its profit last quarter.
Starting today, Nokia will be Nokia Solutions & Networks, and Microsoft owns the Nokia’s handset division as communicated earlier last September during the beginning of the acquisition and the end of Nokia Mobility.
The transition will begin pretty soon, and Nokia’s Stephen Elop will take the seat as the Microsoft’s Hardware division to put a tough competition to its competitors on behalf of Microsoft.
Talking about the acquisition, Stephen Elop says:
The opportunity for Microsoft to be both a devices and services company, so that it can deliver the complete proposition to its consumers, is at the heart of this,
So from now, we assume that the industry will see a new range of hardware devices from Microsoft, hoping to change the existing scenario where iPad, iPhone and other Android devices still dominate the market.
While the deal was supposed to be closed long back, both the companies had to wait for sometime to get various other clearances from different legal divisions.
While we are still unclear about what Microsoft would do with the acquisition, we will have to wait for some more time to know the roadmap the company is laying out with its new wing.
After all, the 150 year streak comes to an end.