Microsoft to close Nokia deal on Friday - Sydney Morning Herald
Deal: Microsoft says its acquisition of Nokia's handset business will close this week. Photo: Reuters
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Microsoft says it will close its $7.9 billion acquisition of Nokia's handset business this Friday.
In a statement released on Monday, Microsoft general counsel Brad Smith said the deal, delayed by a month as both companies awaited regulatory clearances in Asia, will be complete on April 25.
"This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones," Smith said.
In addition, we look forward to introducing the next billion customers to Microsoft services via Nokia mobile phones."
Earlier this month, China gave regulatory approval for the acquisition, announced last September.
Microsoft will acquire Nokia's smartphone and cellular handset business for $US7.2 billion ($7.9 billion). The company already makes the Lumia smartphone line, which runs the Windows mobile operating system.
Windows has emerged as the third most popular smartphone operating system, leapfrogging BlackBerry but still far behind Google's Android and Apple's iOS.
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