Microsoft Completes Assimilation of Nokia
Among the adjustments to the final details, Microsoft is not getting Nokia’s manufacturing facilities in Chennai, India nor Masan, Korea. The Chennai plant is having tax problems, and Indian authorities have frozen its assets; instead of Microsoft taking it over, Nokia has agreed to make mobile devices for Microsoft.
The Masan facility, which employs some 200 people, is simply going to close down. Nokia has pledged to provide support and assistance to workers at both facilities.
As part of the deal, a number of Nokia executives are moving over to Microsoft today, including Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen, and Chris Weber.
The deal effectively marries Nokia smartphone with Microsoft’s Windows Phone platform, which was already a cozy relationship thanks to the leadership of former-now-current Microsoft employee Elop