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US: Microsoft, Nokia may emerge as one this week

 |  January 20, 2014

The merger between Microsoft and Sweden-based Nokia will likely be finalized this week, say reports, as Nokia announced a January 23 conference call and 2013 earnings reports.

The merger, inked for $7.2 billion, received clearance from the US Department of Justice last month and the parties had expected an early-2014 merger finalization. While unconfirmed, reports say Nokia alluded to the transaction’s closure in its conference call announcement, noting that the company is reporting “all of its Devices & Services businesses as discontinued operations in its fourth quarter 2013 and full year 2013 results report.”

Microsoft and Nokia have been tech partners since 2011, but following the acquisition, Microsoft will own Nokia’s handset operations.

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