Microsoft buys Nokia's phone unit

[former_member184221]

It what came as a surprise to me, Microsoft has paid $7.2bn for Nokia's phone unit (devices and services), its patents and its mapping service.

Nokia current have around 14% of the mobile market, but I believe only 8% of the smartphone market with its Windows Phone 8 operating system. Not sure what the remaining part of Nokia will now do with no phones or patents ? At its peak Nokia contriuted to a quarter of Finnish growth 1998-2007.

Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn euros ($7.2bn; £4.6bn).

Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 45% on news of the deal.

The purchase is set to be completed in early 2014, when about 32,000 Nokia employees will transfer to Microsoft.

http://www.bbc.co.uk/news/business-23940171

http://www.microsoft.com/en-us/news/press/2013/Sep13/09-02AnnouncementPR.aspx

http://www.theguardian.com/business/2013/sep/03/microsoft-swoops-on-nokias-mobile-division-in-54bn-d...

Anyway I wish Nokia all the best in its Microsoft clothes.

B.T.W. Loving the speculation about whether Elop will be the new Microsoft CEO :smile: