Nokia shareholders approved the acquisition to Microsoft. The deal will be permanently closed within the first months of 2014.
It might seem like a formality, but this obstacle is overcome. After the handshake between Steve Ballmer and Stephen Elop, Nokia’s shareholders have countersigned the documents for the sale of “Device & Services” section to Microsoft.
The approval is a key step towards closing the agreement at the agreed sum of $7.2 billion, expected in the first months of 2014. The approval followed with 99.7% voting in favor, representing about 80% of the shares of the group.
Not only the agreement will transfer the head of Lumia and Asha projects, but also the use of Nokia patents and mapping services, HERE. These details are fundamental because that will help Microsoft to continue the development of the Lumia series, giving users the same line up that has built accumulated successes in recent months, in the Windows Phone world.
As per legal readings, Nokia is licensing its brand name to Microsoft. A statement reads, “Nokia will continue to own and maintain the Nokia brand. Under the terms of the transaction, Microsoft has agreed to a 10-year license arrangement with Nokia to use the Nokia brand on current and subsequently developed products based on the Series 30 and Series 40 operating systems. Upon the closing of the transaction, Nokia would be restricted from licensing the Nokia brand for use in connection with mobile device sales for 30 months and from using the Nokia brand on Nokia’s own mobile devices until December 31, 2015.”
However, the Redmond Company doesn’t seem to continue the nomenclature to be attributed to the products. The dichotomy between Surface and Lumia will have to find a portmanteau way in terms of products and their values.
In fact, there will no longer Nokia Lumia smartphone from now on, and it could depreciate the value of products handed to Microsoft in the unison.
Another thing to be clarified is the role Stephen Elop in the new organization. In theory, his job is almost confirmed, and he would be the head of the new division taken from Nokia. And, in reality his candidacy is to take up the legacy of Steve Ballmer and keep it strong. Well, both situations are highly correlated, and the definition of the entire organization is likely to arise in a contextual way after the selection of next CEO.