Microsoft to Acquire Nokia Handset Business

September 3rd, 2013

I wonder how reckless Microsoft will get as the realization sinks in that Android and iOS are too far ahead to catch.

Via: BBC:

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.

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

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