Microsoft Purchases Nokia's Phone Division For $7.1 Billion

Date: 03-09-2013 11:45 am (10 years ago) | Author: chuxz
[1] 2
- at 3-09-2013 11:45 AM (10 years ago)
(m)
 Microsoft and Nokia announced today that Nokia’s Devices & Services business; the part of the company that builds all Nokia’s phones (both smart and otherwise) is changing hands. Microsoft is paying €5.44 billion ($7.17 billion) for the struggling Nokia division. The deal, subject to shareholder and regulatory approval, is expected to close in the first quarter of 2014.



In the transaction, all of Nokia’s device business, including design, manufacturing, sales, marketing, and support, becomes a part of Microsoft. This includes 32,000 staff, of which 4,700 are in Finland.
Remaining behind is Nokia Solutions and Networks (formerly Nokia Siemens Networks), which builds telecommunications equipment, and mapping division. Nokia is also retaining its Advanced Technologies group, which develops and licenses intellectual property. These parts together, account for about half of Nokia’s revenue, and approximately 24,000 staff.
The headline €5.44 billion figure is split €3.79 billion ($4.99 billion) for Devices & Services, €1.65 billion ($2.17 billion) for a patent agreement. Under that agreement, Redmond is buying a ten year license to Nokia’s patents, with an option to make the ten year agreement perpetual. Microsoft is also acquiring Nokia’s various licenses to patents from Qualcomm, IBM, Motorola Mobility, and Motorola Solutions.
http://gistactivist.blogspot.com/2013/09/microsoft-purchases-nokias-phone.html

Posted: at 3-09-2013 11:45 AM (10 years ago) | Upcoming
- paulohking at 3-09-2013 12:02 PM (10 years ago)
(m)
 ::)ok, will come back to comment, but Techno is taking over already sha
Posted: at 3-09-2013 12:02 PM (10 years ago) | Hero
Reply
- Femigeorge at 3-09-2013 12:17 PM (10 years ago)
(m)
second to comment
Posted: at 3-09-2013 12:17 PM (10 years ago) | Newbie
Reply
- Noble12 at 3-09-2013 12:38 PM (10 years ago)
(m)
I c
Posted: at 3-09-2013 12:38 PM (10 years ago) | Gistmaniac
Reply
- mary11 at 3-09-2013 12:48 PM (10 years ago)
(m)
Quote from: paulohking on  3-09-2013 12:02 PM
::)ok, will come back to comment, but Techno is taking over already sha
U can say dat again
Cos dis techno phantom A wey I dey see now wan make me craze o!
Posted: at 3-09-2013 12:48 PM (10 years ago) | Hero
Reply
- mary11 at 3-09-2013 12:49 PM (10 years ago)
(m)
Quote from: paulohking on  3-09-2013 12:02 PM
::)ok, will come back to comment, but Techno is taking over already sha
U can say dat again
Cos dis techno phantom A wey I dey see now wan make me craze o!
Posted: at 3-09-2013 12:49 PM (10 years ago) | Hero
Reply
- Tedday6 at 3-09-2013 12:55 PM (10 years ago)
(m)
Gen gen ... Next !!!
Posted: at 3-09-2013 12:55 PM (10 years ago) | Upcoming
Reply
- gmarley at 3-09-2013 01:48 PM (10 years ago)
(m)
too much money  Grin Grin Grin Grin Grin
Posted: at 3-09-2013 01:48 PM (10 years ago) | Gistmaniac
Reply
- UNKNOWN123 at 3-09-2013 01:53 PM (10 years ago)
(m)
 Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley
Posted: at 3-09-2013 01:53 PM (10 years ago) | Upcoming
Reply
- emekaeneh at 3-09-2013 01:56 PM (10 years ago)
(m)
If no b nokia eno fit b nokia.                                 Eneh say so via nokia 3310
Posted: at 3-09-2013 01:56 PM (10 years ago) | Gistmaniac
Reply
- osamabinladin at 3-09-2013 02:03 PM (10 years ago)
(m)
Alright !
Posted: at 3-09-2013 02:03 PM (10 years ago) | Hero
Reply
- proly at 3-09-2013 02:16 PM (10 years ago)
(f)
kkk
Posted: at 3-09-2013 02:16 PM (10 years ago) | Hero
Reply
- Toks-E at 3-09-2013 03:15 PM (10 years ago)
(m)
Ok
Posted: at 3-09-2013 03:15 PM (10 years ago) | Addicted Hero
Reply
- ebiteck at 3-09-2013 03:49 PM (10 years ago)
(m)
i see
Posted: at 3-09-2013 03:49 PM (10 years ago) | Gistmaniac
Reply
- juddycoil at 3-09-2013 05:06 PM (10 years ago)
(m)
 Grin Grin
Posted: at 3-09-2013 05:06 PM (10 years ago) | Gistmaniac
Reply
- lanudja at 3-09-2013 05:15 PM (10 years ago)
(f)
Ok
Posted: at 3-09-2013 05:15 PM (10 years ago) | Hero
Reply
- Kechywillz at 3-09-2013 07:22 PM (10 years ago)
(m)
Quote from: paulohking on  3-09-2013 12:02 PM
::)ok, will come back to comment, but Techno is taking over already sha
ma man ur on key,its definitely the cheapest device with quality services
Posted: at 3-09-2013 07:22 PM (10 years ago) | Gistmaniac
Reply
- dareper at 3-09-2013 07:24 PM (10 years ago)
(m)
BB for life!
Posted: at 3-09-2013 07:24 PM (10 years ago) | Hero
Reply
- trapheal at 3-09-2013 08:16 PM (10 years ago)
(m)
Old news
Posted: at 3-09-2013 08:16 PM (10 years ago) | Gistmaniac
Reply
- Nicksam at 4-09-2013 06:03 AM (10 years ago)
(m)
BETTER THEIR SALE THE COMPANY
Posted: at 4-09-2013 06:03 AM (10 years ago) | Hero
Reply
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