Microsoft completes Nokia phone division acquisition

Microsoft has officially completed the acquisition of Nokia’s telephone division. It was already known that the acquisition would be completed on Friday. Microsoft has paid 5.5 billion euros for the acquisition of the part of the former Finnish telephone superpower.

The acquisition of Nokia’s telephone division, announced in September, is now a fact, Nokia has announced. Microsoft pays almost 5.5 billion euros for the telephone division of the Finnish company, of which 1.5 billion euros for the patents of the telephone manufacturer. 32,000 Nokia employees will also transfer to the Redmond-based company. Only small parts of Nokia will continue to exist independently, such as the map service Here; Microsoft licenses that service in order to offer it.

On Monday, Microsoft announced that the acquisition would be completed this week. It also turned out that the original takeover plan would be refined; for example, a factory from South Korea does not go to Microsoft. It will be closed instead. It now appears that Microsoft is also not taking over a factory from India, because the Indian authorities have frozen Nokia’s assets in that country as part of a tax investigation. That is why that factory remains Nokia, and the company will produce Microsoft phones under license.