Microsoft Nokia deal [Cape Argus (South Africa)]
(Cape Argus (South Africa) Via Acquire Media NewsEdge) SAN FRANCISCO: Microsoft will officially conclude its buy-out of Finnish cellphone maker Nokia |by Friday, after clearing all regulatory hurdles in the US and internationally, the company said yesterday.
Since the deal was announced eight months ago, Steve Ballmer has been replaced as Microsoft chief executive by Satya Nadella.
The deal, which includes Nokia's mobile phone businesses and a large portfolio of patents, is valued at about $7 billion (R74bn).
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