AKIPRESS.COM - Nokia Oyj will be soon renamed as Microsoft Mobile Oy, according to a leaked letter, which was send to the company's supplier base in Finland. The news comes as Microsoft's acquisition of Nokia Devices and Services is expected to close during the end of April, International Business Times reported.
Oyj is a Finnish abbreviation for a “public stock company” while the Oy is a term for a “corporation”.
In the letter, Nokia informed its sellers in Finland that the deal with Microsoft was going to close soon. Previously, both Microsoft and Nokia had confirmed in March that the deal would close by the end of April 2014.
Back in September 2013, when Microsoft announced its plans to acquire Nokia's handset division and license some patents, the company said it expected the $7.2 billion deal to be complete by the first quarter of this year.
However, owing to anti trust reviews of the deal in Asia, Microsoft announced last month that the delay would see the deal's closure pushed to April.