Microsoft to buy Nokia's Devices & Services business
The dual press release from Microsoft and Nokia reveals that Microsoft will spend a total of 5.44 billion euros in cash, or $7.17 billion on the deal. That includes $4.99 billion for the business and another $2.18 billion for Nokia's patent licenses. The deal is expected to close in the first quarter of 2014, pending approval of Nokia's shareholders, regulatory approvals and other closing conditions.
The press release says that when and if the deal is closed, about 32,000 of Nokia's employees will become Microsoft team members, including 4,700 people in Nokia's home in Finland. Microsoft will now acquire the Lumia brand of smartphones that were already using Microsoft's Windows Phone operating system. Nokia first announced that it would use the Windows Phone OS back in February 2011.
Microsoft will also take charge of Nokia's Mobile Phones business unit and its budget priced Asha lineup of smartphones, but will license the Nokia brand to sell those phones. Nokia will continue to own and manage the Nokia brand.
As far as the patents deal, Microsoft has been granted a 10 year agreement to use Nokia' patents, along with another four year deal to use Nokia's HERE mapping services. Nokia will also get the rights to use Microsoft's patents for its HERE services.
Current Nokia President and CEO Stephen Elop will resign immediately from his position and become the company's Executive Vice President, Devices & Services. Nokia's current chairman of its board of directors Risto Siilasmaa will take over as interim CEO. Elop and other members of Nokia's leadership are expected to become team members of Microsoft when the deal is closed.
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Related Forum: PC General Forum
Source: http://www.neowin.net/news/microsoft-to-buy-nokias-devices--services-business
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Comments
Dr-JPosted:
cube382Dr-JBoarDr-JLWT windows phones are terrible. I have an HTC.
Actually most people love them. Live feed, amazing camera, quick and smooth access. 70 of my friends(on Xbox) have one and say they love it.(they had iPhones and androids too)
I've had iPhone and Androids and would pick my Lumia for every reason you mentioned.
You can turn it on and see weather, twitter feed, prices or whatever you want on your home screen, the camera is 1080p video and pictures and its beautiful and its one of the cleanest and fastest OS's I've ever used.
+1, now maybe MS want to add even better features :o
they should start with a better marketplace for apps :L
Maybe, most people buy WP phones for the Xbox game marketplace.
cube382Posted:
Dr-JBoarDr-JLWT windows phones are terrible. I have an HTC.
Actually most people love them. Live feed, amazing camera, quick and smooth access. 70 of my friends(on Xbox) have one and say they love it.(they had iPhones and androids too)
I've had iPhone and Androids and would pick my Lumia for every reason you mentioned.
You can turn it on and see weather, twitter feed, prices or whatever you want on your home screen, the camera is 1080p video and pictures and its beautiful and its one of the cleanest and fastest OS's I've ever used.
+1, now maybe MS want to add even better features :o
they should start with a better marketplace for apps :L
slapshot101Posted:
I wonder what technology Nokia has that a company like Microsoft would be willing to shell out a few billion dollars especially since they aren't even taking over the brand, it will still be Nokia. I wonder if it is some technology that we haven't seen yet or if it is something that we have seen.
Dr-PonyfilePosted:
This may not be a bad idea I remember my Nokia N95 Gosh I loved that phone to death and my Nokia 3310 haha. But on topic this could be a good move for Microsoft.
Dr-JPosted:
BoarDr-JLWT windows phones are terrible. I have an HTC.
Actually most people love them. Live feed, amazing camera, quick and smooth access. 70 of my friends(on Xbox) have one and say they love it.(they had iPhones and androids too)
I've had iPhone and Androids and would pick my Lumia for every reason you mentioned.
You can turn it on and see weather, twitter feed, prices or whatever you want on your home screen, the camera is 1080p video and pictures and its beautiful and its one of the cleanest and fastest OS's I've ever used.
+1, now maybe MS want to add even better features :o
BoarPosted:
DawdaRealRush Why would Microsoft buy Nokia? It don't make no sense!
How doesn't it make sense ? Nokia is a really good company and makes a decent profit.
But the better question is why would Nokia sell out, I mean its an amazing company making amazing devices and obviously making a lot of money, why would they sell out when they don't need to?
BoarPosted:
Dr-JLWT windows phones are terrible. I have an HTC.
Actually most people love them. Live feed, amazing camera, quick and smooth access. 70 of my friends(on Xbox) have one and say they love it.(they had iPhones and androids too)
I've had iPhone and Androids and would pick my Lumia for every reason you mentioned.
You can turn it on and see weather, twitter feed, prices or whatever you want on your home screen, the camera is 1080p video and pictures and its beautiful and its one of the cleanest and fastest OS's I've ever used.
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