Friday, 6 September 2013

Microsoft To Aquire Nokia

Microsoft Corporation annouced that they will aquire Nokia Corporation. Microsoft will purchase substantially all of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services.


 Microsoft will pay €3.79 billion to purchase Nokia’s Devices & Services business, and €1.65 billion to license Nokia’s patents, Nokia will cost  at price of EUR 5.44 billion, which Microsoft will pay by cash. it seems Microsoft want to take all control over the Hardware and make thire own phone

It also indicates that Nokia CEO Stephen Elop may become next Microsoft CEO as Steve Ballmer announced retirement .
Source:Nokia NewsRoom
 

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