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Microsoft to seal takeover of Nokia's handset business

English.news.cn   2014-04-23 16:57:08

BEIJING, April 23 (Xinhuanet) -- Microsoft will complete its acquisition of Nokia's handset business this Friday, according to a Microsoft's statement, thus ushering a new chapter for Nokia.

In total, Microsoft will wrap up 5.4 billion euro (7.5 billion US dollars) for the takeover this coming Friday.

"The completion of this acquisition follows several months of planning and will mark a key step on the journey towards integration," Microsoft said in Monday's statement.

Industry-watchers believe that this deal could open "a new chapter" for Nokia, rather than closing the book on the company.

With its market share greatly eroded, Nokia, once a giant of mobile phone business, fell victim of intense competition from its rivals Apple and Samsung.

(Agencies)

Editor: Yamei Wang
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