Microsofts $7.2 billion deal to acquire Nokias (NOK) mobile phone business is set to close Friday, April 25, sealing a month- long process that apparently ended with the companies winning the last-leg nod from Chinese regulators.



From The VAR Guy:

The closing deal, which earlier secured regulatory approval from the U.S. Department of Justice and the European Commission, isn’t exactly the same as the original agreement. Microsoft elected not to take over Nokia’s 200-employee Korean manufacturing facility and hired 21 Nokia mobile phone workers located in China who initially were pegged to stay with the Finnish company. And, the two companies decided Microsoft will manage the nokia.com domain and social media sites for up to a year.

More importantly, perhaps, is some chatter that Microsoft will send the Nokia name out to pasture in favor of a new Microsoft Mobile nametag. Digital Trends reported that Nokia alluded to the rumored name change in a recent letter to its suppliers.

  Microsoft, Nokia Deal Slated to Close April 25