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Microsoft to seal takeover of Nokia's handset business
Microsoft will complete its acquisition of Nokia's handset business this Friday, according to a Microsoft's statement, thus ushering a new chapter for Nokia.
In total, Microsoft will wrap up 5.4 billion euro ($7.5 billion) for the takeover this coming Friday.
"The completion of this acquisition follows several months of planning and will mark a key step on the journey towards integration," Microsoft said in Monday's statement.
Industry-watchers believe that this deal could open "a new chapter" for Nokia, rather than closing the book on the company.
With its market share greatly eroded, Nokia, once a giant of mobile phone business, fell victim of intense competition from its rivals Apple and Samsung.
dacare This entry was posted on April 24th, 2014 at 01:47:00 pm by dacare and is filed under News of China.