Nokia Oyj will Rebrand as Microsoft Mobile
Nokia and Microsoft on Monday announced that they would finish their $7.2 billion deal on April 25. The announcement came around a day after the leak of a letter Nokia had sent to its suppliers, telling them that its phone division, which Microsoft had bought for $7.2 billion, would be now known as Microsoft Mobile.
“Nokia expects the transaction whereby the company will sell substantially all of its Devices & Services business to Microsoft to close on April 25, 2014. The transaction is now subject only to certain customary closing conditions. The transaction was originally announced on September 3, 2013,” said Nokia.
According to Nokia Power User, a leaked email of Microsoft to its suppliers reveals that the Redmond software giant will be renaming the mobile division from Nokia Oyj to Microsoft Mobile Oy, once the takeover is completed. The alleged email states, “Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices.”
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