Last year in September Microsoft announced that it will purchase Nokia and the deal was approved in November (Read Story); now it appears that the last phase of the transaction between Nokia and Microsoft will be changing the name from Nokia Oyj as is commonly known to Microsoft Mobile Oy.
This information has been running through the internet since the memo had been leaked, it states;
Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices.
However, Nokia assures its partners that all other agreements will not be affected in any way, they say:
Under the terms of the sale, Microsoft will assume all rights, benefits and obligations of the Nokia Devices and Services business, including Nokia’s agreements with suppliers, customers and partners which pertain to the Devices and Services business. Therefore, the purpose of this letter is to update you that the current terms and conditions that you have with the Devices and Services business will not change.
Nokia revealed it expects the sale of its devices and services business to Microsoft to be sealed tomorrow (April 25).