Microsoft Purchase of Nokia Handset Unit Complete

Ben Miller

Contributing Editor-Puget Sound Business Journal

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Microsoft Corp. said its $7.5 billion purchase of Nokia handset division is now complete.

"The mobile capabilities and assets they bring will advance our transformation,” said Microsoft CEO Satya Nadella, in a statement.

As part of the deal, former Nokia president and CEO Stephen Elop, who was once a candidate to become Microsoft's CEO, now will serve as executive vice president of the Microsoft Devices Group.

With the Nokia purchase, Microsoft (NASDAQ: MSFT) adds 25,000 employees to its workforce, which previously numbered about 99,000.

New Nokia.com Website