The American software giant Microsoft is reportedly planning to rename the Nokia Oyj to Microsoft Oy, when the acquisition deal is closed.
According to CNET, the new subsidiary will serve as Microsoft’s mobile devices division, according to the letter, which informed suppliers that the terms and conditions of their contracts would not change when the deal is completed.
The acquisition deal was supposed to close by Q-1 of this year but now it is expected to close by April, due to some antitrust reviews of the acquisition in Asia. (ANI)