Nokia, Microsoft deal expected to close Friday

SHARE Nokia, Microsoft deal expected to close Friday

Nokia Inc. expects complete its $7.2 billion sale of its smartphone business to Microsoft Corp. on Friday.

“The transaction is now subject only to certain customary closing conditions,” Nokia said in a news release Monday.

The $7.2 billion deal announced in September is a major step in Microsoft’s push to transform itself from a software maker focused on making operating systems and applications for desktop and laptop computers into a more versatile and nimble company that delivers services on any kind of Internet-connected gadget.

Nokia, based in Espoo, Finland, and Microsoft have tried to make inroads in the smartphone market as part of a partnership forged in 2011. Under the alliance, Nokia’s Lumia smartphones have run on Microsoft’sWindows software, but those devices haven’t emerged as a popular alternative to the iPhone or an array of Android-powered devices spearheaded by Samsung Electronics’ smartphones and tablets.

Microsoft is betting it will have a better chance of narrowing the gap if it seizes complete control over how the mobile devices work with its Windows software.

Microsoft reportedly plans to rename Nokia Oyj

Nokia deal with Microsoft delayed until April

Microsoft to buy Nokia phones, patents for $7 billion

The Latest
Cueto pitches seven innings of two-run ball.
Thinking ahead to your next few meals? Here are some main dishes and sides to try.
Haberman is the New York Times reporter who, as she writes, spent her career at “news outlets Trump cares most about.”
“It hurts me so much not waking up to my baby,” says Veronica Zastro, whose 3-year-old was shot dead in an apparent road-range incident in West Lawn.