Tuesday, September 03, 2013

Microsoft buys Nokia’s Devices and Services Unit


Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services.

Microsoft will pay 3.79 billion euros ($5 billion) for the Nokia unit that makes mobile phones, including its line of Lumia smartphones that run Windows Phone software. Microsoft is also paying 1.65 billion euros ($2.2 billion) for a 10-year license to use Nokia's patents, with the option to extend it indefinitely.

Full Press Release: Microsoft to acquire Nokia’s devices & services business, license Nokia’s patents and mapping services

It’s happening. Microsoft, buy Dell next :)

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