Tech content trusted by users in North America and around the world
7,183 Reviews & Articles | 51,661 News Posts

Breaking News: Microsoft buys Nokia's Devices and Services division

Microsoft will buy Nokia's Devices and Services business and patents for $7.2 billion
By: Charles Gantt | Business, Financial & Legal News | Posted: Sep 3, 2013 3:42 am

In an unexpected turn of events, Microsoft has announced its intentions to purchase Nokia's Devices and Services divisions for a reported $5 billion dollars. Additionally, the Redmond computing pioneer will also license all related patents from the Finnish telecom giant for an additional $2.2 billion.

 

breaking_news_microsoft_buys_nokia_s_devices_and_services_division_1

 

The transaction is expected to be under review until 2014 and is expected to finalize sometime during the first quarter. Nokia Executives expected to transfer to Microsoft in the deal include Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen, and Chris Weber. Stay tuned to TweakTown for full coverage of the acquisition as news begins flowing in.

NEWS SOURCES:Thenextweb.com

Related Tags

Got an opinion on this news? Post a comment below!
loading