Nokia Shareholders Approve Microsoft DealBy cheatmaster 04:44 Sun, 18 Jul 2021 Comments
The Microsoft and Nokia deal has been put to vote by Nokia's shareholders today and 99.7% of them approved it. This means Microsoft is now allowed to proceed with the acquisition.
If everything goes as planned, Microsoft will acquire Nokia Devices and Services early next year for $7.2 billion and Stephen Elop will return back to Microsoft. He is also on the shortlist to succeed Steve Ballmer's as a CEO of the company.
The CEO candidates reportedly includes Stephen Elop, Ford's CEO Alan Mulally, former Skype president Tony Bates, and the executive vice president of Microsoft's Cloud and Enterprise group - Satya Nadella. Alan Mulally later stated he has no plans to leave the company though.
Nokia's Lumia and Asha brands will be owned by Microsoft once the deal is complete, while Nokia patents will be licensed to Microsoft for the next 10 years. Microsoft hasn't revealed any plans for the future of the division yet.
It will be very fascinating to see who will be Microsoft's next CEO. If this is indeed Stephen Elop, we might see Microsoft selling its Xbox business and killing the Bing services. Steve Ballmer still has future plans for those, so it is uncertain if Elop will be able to do what he wants though.
Anyway, while the Nokia Devices and Services future is yet to be decided, one thing seems certain - the division is going to Microsoft next year.
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