[The Next Web] Microsoft completes acquisition of Nokia’s Devices and Services business, price ‘slightly higher’ than $7.2B

As expected, Microsoft today announced the completed acquisition of Nokia’s Devices and Services business. The acquisition was approved by Nokia shareholders as well as by governmental regulatory agencies around the world. Former Nokia President and CEO Stephen Elop will now serve as executive vice president of the Microsoft Devices Group, and report to Microsoft CEO Satya Nadella. He will oversee not just Nokia mobile phones, Lumia smartphones and tablets, but also Xbox hardware, Surface, Perceptive Pixel (PPI) products, and accessories. Originally announced back in September, Nokia’s devices and services business was valued at €3.79 billion ($5 billion) and Microsoft also...



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