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Microsoft to buy Nokia's mobile phone unit

Discussion in 'News @ WindowsBBS' started by Arie, 2013/09/03.

  1. 2013/09/03
    Arie

    Arie Administrator Administrator Staff Thread Starter

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

    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.

    While Nokia has struggled against competition from Samsung and Apple, Microsoft has been criticised for being slow into the mobile market.

    The transaction is subject to approval by Nokia shareholders and regulators.

    Read BBC Article
     
    Arie,
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