A PYMNTS Company

US: Microsoft distances itself from new Nokia plans ahead of merger completion

By  |  February 25, 2014

Ahead of the closure of its $7.4 billion Nokia handset buyout, Microsoft is distancing itself from Nokia’s recently-announced for a new low-cost smartphone, powered by an offshoot of Google’s Android.

Nokia announced earlier this week plans for a new smartphone with pre-installed Microsoft services. The plan is known as the Android Open Source Project

But as Microsoft’s acquisition of Nokia is pending, experts are unsure whether the tech giant will continue that line after the merger is complete.

Microsoft further propelled uncertainty on Tuesday when it distanced itself from its future merger target, noting that the companies “operate as two independent companies as required by antitrust law, and we will until the acquisition is complete.”

Full Content: Computer World

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.