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Microsoft to acquire Nokia's devices & services business


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#1 Animal

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Posted 03 September 2013 - 12:23 AM

In a move that can only be seen as acquiring it's largest phone manufacturer. As well as to speed up growth and streamline design to product time frame. Which will likely increase smartphone market share.

Whoa. Big news from the middle of the night. According to Nokia, Microsoft will purchase "substantially" all of Nokia's device and service arms as well as licensing the phone maker's patents and mapping know-how. Redmond will pay Nokia a cool 3.79 billion euros ($4.99 billion) for the business, and 1.65 billion euros ($2.18 billion) for the patent armory.

Microsoft is hoping that allying with its biggest Windows Phone manufacturer will speed up growth (and improve its smartphone market share) -- the company is already promising "increased synergies". CEO Steve Ballmer added: "It's a bold step into the future - a win-win for employees, shareholders and consumers of both companies. Bringing these great teams together will accelerate Microsoft's share and profits in phones, and strengthen the overall opportunities for both Microsoft and our partners across our entire family of devices and services."


Above quote from and more of the article here: http://www.engadget.com/2013/09/02/microsoft-will-acquire-nokias-devices-and-services-business/

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#2 Stolen

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Posted 03 September 2013 - 12:39 AM

*wishes I had lots of Nokia stock right now*



#3 Allen

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Posted 03 September 2013 - 10:13 AM

Saw that move coming.


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#4 Sirawit

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Posted 03 September 2013 - 01:21 PM

It is impossible to think that Nokia will reaches this point. 10 years ago, almost everyone use Nokia, but now it just downfall.


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#5 BKSeoul

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Posted 03 September 2013 - 01:37 PM

Wow...  Definitely interesting.



#6 boopme

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Posted 03 September 2013 - 08:23 PM

*wishes I had lots of Nokia stock right now*

If you did the shares rose 34 percent today.

 

 

 

MSFT is hoping to get more profit for every device sold -- more than $40 a unit for smartphones, compared with the less than $10 in gross profit it currently gets for Windows Phone sold by Nokia.

 

With that sale, the last of the mobile phone pioneers, Nokia joins Motorola and Ericsson that have ceased as independent handset manufacturers or given up on the business. Also MSFT becomes the last major phone developer to enter into manufacturing them.


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#7 Manish Nasa

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Posted 04 September 2013 - 10:21 AM

It was in the offing to withstand the android onslaught.

 

It  :thumbsup2: for both NOKIA and Microsoft.



#8 jeffrrey

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Posted 13 September 2013 - 03:14 PM

Hope Microsoft Will Make The Nokia Smart Phone Ever






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