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Microsoft to buy Nokia's mobile phone unit
Mobile Devices
Written by Danrok   
Wednesday, 04 September 2013 16:33

From the 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 35% on the news, whereas Microsoft's fell more than 5%.

The purchase is set to be completed in early 2014, when about 32,000 Nokia employees will transfer to Microsoft.

Nokia has fallen behind rivals Samsung and Apple, while critics say Microsoft has been slow into the mobile market.

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