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Microsoft to acquire Nokia's devices & services business, license Nokia's patents and mapping services
Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services.
Under the terms of the agreement, Microsoft will pay EUR 3.79 billion to purchase substantially all of Nokia’s Devices & Services business, and EUR 1.65 billion to license Nokia’s patents, for a total transaction price of EUR 5.44 billion in cash.
[edited by: bill at 7:21 am (utc) on Sep 3, 2013]
[edit reason] Use Microsoft release URL [/edit]
A hardware phone with Microsoft branding will come across as "new kid on the block"
How do you know? Feature phones are going to remain available for a while, yet, and low cost smartphones will start to make an impact. I don't see how someone that bought a Nokia will not look at a Microsoft phone, unless it is overpriced and doesn't do what other low-priced smartphones do. It's up to Microsoft to come up with the offering.
> MSFT can wipe you out overnight no matter how good you are.
I don't see how that is different from Google, Android and their own phones.
This is good for both Nokia and Microsoft ... and spells bad news for Google/Android ... and that's a good thing.
That's very different: Google cannot charge a penny for android (open source you know).
bad news for Google/Android ... and that's a good thing.
I think this was orchestrated by shareholders who also own Google so they could finally sink MSFT.
While I agree that this is a good move on the part of Nokia, who made a really bad decision adopting MS software, i believe it's a horrible move for MS who are throwing money away to save a pig.