Tuesday, September 3, 2013

Microsoft Buys Nokia For 5.44 Billion Euro

Nokia a Microsoft Company

Today, Microsoft Corporation announced that they will purchase Nokia's Devices and Service business for 3.79 Billion Euros and license to Nokia's patents, license and use of Nokia's Mapping services for 1.65 Billion Euro with a whopping grand total of 5.44 Billion Euros.

The acquisition includes all the Mobile (Asha and dumb phones) and Smart (Lumia brands) Devices Business unit, its design team, operations and its facilities, sales and marketing and related support functions. The transaction is expected to be completed on the first quarter of 2014 wherein 32,000 workforce are expected to be transferred to Microsoft including Nokia's CEO Stephen Elop.

Nokia will retain its vast patents and will just grant Microsoft a 10-year license with Microsoft granting a reciprocal right on their patents for Nokia's HERE services. The HERE platform is not included in the deal and Microsoft will pay Nokia separately for a 4-year license fee.

If you could recall, Nokia's exclusively use Microsoft's Operating System since 2011 on their Lumia smartphones. The Microsoft logo seems to left a space for Nokia, is it just co-incidence that the blue square fits perfectly for the once mighty smartphone maker? What do you think guys?



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