Microsoft’s acquisition of Nokia will officially go ahead on 25 April according to the Finnish manufacturer.
The £4.59bn takeover was announced last September as the American computer giant purchased Nokia’s devices and services business. It will also be able to license its patents and mapping services as part of the deal.
The pair formed a strategic partnership in late-2011 as Nokia plumped for Microsoft’s Windows Phone OS as its primary platform. The partnership initially struggled for market share as Apple and Android-powered devices dominated, and although Nokia and Windows Phone is gaining traction, there is still a large gap between the partnership and market leaders.
Former Nokia CEO, Stephen Elop (pictured right with ex-Microsoft CEO Steve Ballmer), will head up its devices and services division after being named as Microsoft's head of devices earlier this month.
At the UK launch of its new Nokia Lumia 930, 635 and 630 devices, UK and Ireland vice-president Conor Pierce said that the deal will make Nokia and Microsoft a ‘force to be reckoned with’ as the ecosystem was the fastest growing platform in the world.
According to the VP, the ecosystem holds 10% of the UK market and has made significant inroads into the b2b sector with 18% of the market, second only to Apple.