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 :)
