Everything just became a lot more colorful.
Microsoft Corp. has announced the completion of its acquisition of Nokia Devices and Services business. The completion of the acquisition marks an important step in bringing these two organizations together as one team, a process that is expected to take 18 to 24 months to complete.
Stephen Elop, former Nokia President and CEO, will serve as executive vice president of Microsoft’s Devices Group, reporting to Microsoft CEO Satya Nadella. Elop will lead an expanded team made up of Xbox, Xbox Live, Microsoft Studios, Microsoft Hardware, Surface and Nokia Devices and Services.
Microsoft will continue to deliver new value and opportunity, and work closely with a wide range of hardware partners, developers, operators, distributors and retailers, providing platforms, tools, applications and services that enable them to make exceptional devices. With a deeper understanding of hardware and software working as one, the company will strengthen and grow demand for Windows devices overall.
Microsoft refers to Microsoft Corporation and its affiliates, including Microsoft Mobile Oy, a subsidiary of Microsoft Corporation. Microsoft Mobile Oy develops, manufactures and distributes Lumia, Asha and Nokia X mobile phones and other devices.