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http://www.ign.com/articles/2013/09/03/microsoft-to-acquire-nokias-smartphone-division

Nokia CEO Stephen Elop will join Microsoft and lead an "expanded devices team." Julie Larson-Green -- Microsoft's current overseer for Devices and Studio Engineering, which encompasses all hardware, including Xbox -- will continue to lead the division until the acquisition is completed, after which she will join Elop's new team. Elop will lead the new division, including Xbox, at that time.