Nokia-Microsoft Deal to Close Friday, With a Couple Tweaks

Microsoft said that it expects its deal to acquire Nokia’s phone unit to close soon -- with a couple minor changes. Under the revised deal, Microsoft will no longer acquire Nokia’s Korean manufacturing plant.

Instead, it will take on 21 people working in China that had been part of Nokia’s chief technology office, the rest of which is sticking with Nokia. Microsoft will also manage Nokia.com and Nokia’s social media presence for up to a year following the deal’s close.