Microsoft (MSFT) Will Rename Nokia Oyj When Merger is Complete

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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