Microsoft Buys Nokia’s Cellphone Business For USD5 Billion

Microsoft Buys Nokia

Microsoft announced late Monday that it is buying the majority of Nokia’s cell phone unit for 3.79 billion Euros ($5 billion USD) and spending another 1.65 Euros ($2.18 billion) to license Nokia’s patent portfolio for a total of 5.44 billion. Under the terms of the agreement, Microsoft will take over all of Nokia’s devices and services business, including the mobile phones and smart devices business units. For apple iphone 6 product review and price comparison in dubai check out my blog . For additional local autoconhecimento visit satsangaonline.

Microsoft will acquire the Asha brand and will license the Nokia brand for use with current Nokia mobile phone products. Nokia will continue to own and manage the Nokia brand. Once the deal is done, a number of Nokia executives will join Microsoft including Stephen Elop, a former Microsoft executive seen as among the top contenders to replace CEO Steve Ballmer.

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