Nokia And Microsoft Deal To Complete On April 25th

Report: On Monday Nokia announced that it expected to deal with Microsoft to close on 25th of April. This announcement came around a day after leak letter Nokia had sent to its supplier, telling them that its smartphone division, which Microsoft had bought around $7.2 billion, would be now known as Microsoft mobile.

The company said in a note to media : "Nokia expects the transaction whereby the company will sell substantially all of its service business and devices to Microsoft on the 25th of April 2014. The transaction is now subject only to certain customary closing conditions. The original transaction was announced on 3rd September, 2013"

Earlier, a letter that Nokia sent to its suppliers in Finland showed that company's (Devices and Services) division would be named Microsoft Mobile and brand of Nokia would cease to exist in the mobile market.

"Kindly not that upon the close of the transaction between Nokia and Microsoft, the name of Nokia Ovi/Nokia Corporation will change to Microsoft Mobile Oy, " Noted the letter. 

"Microsoft will have to awareness campaign and marketing to tell the world that now Nokia will be known as Microsoft Mobile. Or people will find it unfamiliar. The positive news is that it is doable.