Microsoft Buys Nokia’s Devices And Services Division. Surprise Surprise!
In the last few years of the smartphone shutdown, analysts have repeated that Microsoft should buy BlackBerry or Nokia to gain a stronghold in the marketplace. It has finally happened. Microsoft has announced its purchase of Nokia’s devices and services unit. This includes Nokia’s phone manufacturing departments, a couple hundred patents. The total price of this purchase is 5.44-billion Euros. Microsoft paid more for Skype.
For Nokia, the company will now focus on its Network services, HERE – its maps and location service and Advanced Technologies – a licensing and research development firm.
Stephen Elop, Nokia’s Current CEO will be head of Microsoft’s Devices division. Rumors are already circulating that Elop might be Microsoft’s next CEO following Ballmer’s exit although the deal won’t be closed until the first quarter of 2014.
What do you think about Microsoft’s acquisition of Nokia’s devices unit?
Source: The Verge