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Microsoft completes $7.2 billion acquisition of Nokia

2014-04-25 16:18:22| InfoWorld: Top News

Microsoft today officially closed its $7.2 billion acquisition of Nokia's handset business, welcoming approximately 30,000 new employees to its rolls. As expected, the new unit has been named "Microsoft Mobile Oy," and will act as a subsidiary. "Oy" is the Finnish equivalent to "Ltd." or "LLC," a limited liability company in the U.K. and the U.S., and to "GmbH" in Germany.

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