Microsoft (MSFT) Will Rename Nokia Oyj When Merger is Complete
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Price: $529.33 -0.48%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +14.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +14.3%
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Microsoft (Nasdaq: MSFT) is planning to rename Nokia (NYSE: NOK) Oyj once the acquisition of its Devu\ices & Services assets closes.
Microsoft will rename the unit Microsoft Mobile Oy, according to CNET, and it will serve as Microsoft's mobile devices division.
Closing of the $7.2 billion deal is expected to happen by the end of April. Microsoft is modestly positive Monday morning.
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