Microsoft’s £4.7 billion purchase of Nokia’s phone- and tablet-making division has been completed, almost eight months after the deal was first announced.
Nokia’s Lumia, Asha and X device ranges are now under the control of Microsoft, who will rebrand future products as Microsoft Mobile under the Microsoft Devices group.
Microsoft CEO Satya Nadella said: “Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities and assets they bring will advance our transformation. Together with our partners, we remain focused on delivering innovation more rapidly in our mobile-first, cloud-first world.”
Nokia CEO Stephen Elop will now step down with immediate effect and return to Microsoft. He will be joined there by fellow members of Nokia’s leadership team, Harlow, Juha Putkiranta, Timo Toikkanen, and Chris Weber.
Elop will become executive vice president of the Microsoft Devices Group, where he will oversee the development of Lumia smartphones and tablets, plus Nokia’s feature phones, the Xbox, Surface tablet range and accessories.
As for those who have recently bought a Nokia product, Microsoft will honour all warranties, starting today, 25 April.
Nokia will be holding a board of directors meeting next week to assess its strategy going forward. The company is now comprised of HERE Maps, Nokia Systems Networks, and its advanced research division.
Microsoft now has control of Nokia’s upcoming Lumia smartphones, along with the Windows Phone 8.1 software running on them - a position similar to that of Apple, which controls both the iPhone and its iOS software.
More information on Nokia’s future will be announced alongside its first quarter financial results on 29 April.