Nokia is no more. Or rather, the company’s devices and services business is no more. The division has finally, officially, merged with Microsoft after the deal was announced last year in September. This means that Nokia will not be producing any branded smartphone from now on – or at least for the next 10 years as part of the licensing agreement.
The $7.1 billion merger will fetch Microsoft ownership of Nokia’s smartphone products lineup, including the Lumia series, the entry-level Asha devices, and the recently introduced Android-powered Nokia X phones. Microsoft will also receive all of Nokia’s wide-ranging patents.
“Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities and assets they bring will advance our transformation,” said Microsoft CEO Satya Nadella in a press release. “Together with our partners, we remain focused on delivering innovation more rapidly in our mobile-first, cloud-first world.”
Nokia as a company will still continue to exist, but their focus will be on developing its own services, such as its HERE maps and location service, which Microsoft plans to license from the company for the next four years.