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`Microsoft CEO Satya Nadella (left) and executive vice president of Microsoft Devices Group Stephen Elop
`share a moment as the deal that brings together Microsoft and the Nokia Devices and Services business
`closes today.
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`Image: Web | Print
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`REDMOND, Wash. — April 25, 2014 — Microsoft Corp. announced it has completed its
`acquisition of the Nokia Devices and Services business. The acquisition has been approved by
`Nokia shareholders and by governmental regulatory agencies around the world. The completion of
`the acquisition marks the first step in bringing these two organizations together as one team.
`
`“Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities
`and assets they bring will advance our transformation,” said Microsoft CEO Satya Nadella.
`“Together with our partners, we remain focused on delivering innovation more rapidly in our
`mobile-first, cloud-first world.”
`
`Reporting to Nadella is former Nokia President and CEO Stephen Elop, who will serve as executive
`vice president of the Microsoft Devices Group, overseeing an expanded devices business that
`includes Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Surface, Perceptive
`Pixel (PPI) products, and accessories. Microsoft welcomes personnel with deep industry experience
`in more than 130 sites across 50 countries worldwide, including several factories that design,
`develop, manufacture, market and sell a broad portfolio of innovative smart devices, mobile
`phones and services. As part of the transaction, Microsoft will honor all existing Nokia customer
`warranties for existing devices, beginning April 25, 2014.
`
`Windows Phone is the fastest-growing ecosystem in the smartphone market, and its portfolio of
`award-winning devices continues to expand. In the fourth quarter of 2013, according to IDC,
`Windows Phone reinforced its position as a top three smartphone operating system and was the
`fastest-growing platform among the leading operating systems with 91 percent year-over-year
`gain.[1] Furthermore, with the Nokia mobile phone business, Microsoft will target the affordable
`mobile devices market, a $50 billion annual opportunity,[2] delivering the first mobile experience to
`the next billion people while introducing Microsoft services to new customers around the world.
`
`Microsoft will continue to deliver new value and opportunity, and it will work closely with a range
`of hardware partners, developers, operators, distributors and retailers, providing platforms, tools,
`applications and services that enable them to make exceptional devices. With a deeper
`understanding of hardware and software working as one, the company will strengthen and grow
`demand for Windows devices overall.
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`As with any multinational agreement of this size, scale and complexity, Microsoft and Nokia have
`made adjustments to the deal throughout the close preparation process. As announced previously,
`Microsoft will not acquire the factory in Masan, South Korea, and the factory in Chennai, India, will
`stay with Nokia due to the tax liens on Nokia’s assets in India that prevent transfer. As a result,
`Microsoft will welcome approximately 25,000 transferring employees from around the world.
`
`More information about Microsoft’s expanded family of devices and services is available here.
`
`Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and
`solutions that help people and businesses realize their full potential.
`
`http://www.microsoft.com/en-us/news/press/2014/apr14/04-25nokiapr.aspx
`
`Microsoft Corporation
`
`Exhibit 1026-00002
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`Page 3 of 4
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`Microsoft refers to Microsoft Corp. and its affiliates, including Microsoft Mobile Oy, a subsidiary of
`Microsoft. Microsoft Mobile Oy develops, manufactures and distributes Lumia, Asha and Nokia X
`mobile phones and other devices.
`
`For further information regarding risks and uncertainties associated with Microsoft’s business,
`please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of
`Operations” and “Risk Factors” sections of Microsoft’s SEC filings, including, but not limited to, its
`annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained
`by contacting Microsoft’s Investor Relations department at (800) 285-7772 or at Microsoft’s
`Investor Relations website.
`
`All information in this release is as of April 25, 2014. The company undertakes no duty to update
`any forward-looking statement to conform the statement to actual results or changes in the
`company’s expectations.
`
`1 IDC Worldwide Quarterly Mobile Phone Tracker, February 2014
`
`2 Strategy Analytics Inc.
`
`Note to editors: For more information, news and perspectives from Microsoft, please visit the
`Microsoft News Center at http://www.microsoft.com/news. Web links, telephone numbers and titles
`were correct at time of publication, but may have changed. For additional assistance, journalists
`and analysts may contact the Microsoft Rapid Response Team or other appropriate contacts listed
`at http://www.microsoft.com/news/contactpr.mspx.
`
`Read More: Nokia, Microsoft and Nokia, Satya Nadella, Stephen Elop
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`•
`•
`•
`•
`
`•
`
`Microsoft officially welcomes the Nokia Devices and Services business April 25, 2014
`Microsoft cloud momentum helps drive third-quarter results April 24, 2014
`Microsoft delivers data platform for the era of ambient intelligence April 15, 2014
`Microsoft, Intel and the Kenya Private School Alliance announce 4Afrika Youth Device
`Program March 03, 2014
`New Nokia Lumia Icon available at Microsoft retail stores Feb. 12, 2014
`
`http://www.microsoft.com/en-us/news/press/2014/apr14/04-25nokiapr.aspx
`
`Microsoft Corporation
`
`Exhibit 1026-00003
`
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