#Tech: #Microsoft to Buy #Nokia's Device Business in Deal Worth $7.17 Billion

Updated September 8, 2013 ● 464 views

Microsoft announced late Monday that it is buying the majority of Nokia’s cellphone unit for 3.79 billion euros ($5 billion), and spending another 1.65 billion euros ($2.18 billion) to license Nokia’s patent portfolio, for a total of 5.44 billion euros ($7.17 billion). Once the deal is done, a number of Nokia executives will join Microsoft, including Stephen Elop, a former Microsoft executive who is seen as among the top contenders to replace CEO Steve Ballmer. Also set to join Microsoft are Jo Harlow, Juha Putkiranta, Timo Toikkanen and Chris Weber.

via allthingsd.com



Perfect timing for Microsoft to catch up with mobile. Nokia is cheap and still have a lot of promise.

JohnD · 8 years ago
permalink · reply (0)

Our Terms of Use and Privacy Policy have changed.
By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.