Microsoft buys Nokia handset business for £4.6 billion

[Administrator]

Microsoft has bought Nokia's handset business for £4.6 billion.
The deal, to be completed by the end of the first quarter of 2014, includes all of Nokia's Devices and Services business and a license for Nokia's patents. Approximately 32,000 people are expected to transfer to Microsoft from the Finnish company.
Microsoft, whose partnership with Nokia began in February 2011, now owns the Lumia brand, a series of smartphones from Nokia that use the Windows Phone operating system. Microsoft hopes the deal will improve its fortunes in the smartphone market, where it faces tough competition from Apple and Samsung.
Read more…


More...