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Microsoft Buying Nokia

Sep 2, 2013, 10:53 PM by Rich Brome @richbrome
updated Sep 2, 2013, 11:02 PM

Microsoft today announced that it has reached an agreement to acquire the Devices and Services division of Nokia for approx. $7.2 billion. Microsoft will also gain the Lumia and Asha brands, as well as Nokia's patent licensing agreement with Qualcomm. Nokia will continue to exist as a separate company, focusing on networks via its NSN division, mapping via its HERE division, and and Advanced Technologies division. Nokia will retain its brand and patents, but license them to Microsoft. Microsoft has recently moved to refocus itself on devices and services; this move advances that goal for the mobile devision and Windows Phone. Nokia CEO Stephen Elop will move to Microsoft. Nokia has worked closely with Microsoft on Windows Phone devices since 2011, when the company ditched its troubled Symbian platform. Competing mobile OS makers Apple and BlackBerry have always made their own hardware. Google purchased Motorola in 2012 to shore up its Android strategy. The Microsoft-Nokia deal is expected to close in the first quarter of 2014, subject to shareholders and regulatory approval.

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JJinNYC

Sep 2, 2013, 11:03 PM

It may be labor day but...

It's business as usual in the mobile industry. My god! First Vodafone sells back it's shares to Verizon and now this???!!! What's next? Samsung buying LG. Crazy 😳

Riot Jr.

Quite improbable.
LG is one of the two big companies in korea, they make electronics in genera.
As well, many (most) cellphone manufacturers use LG displays on their phones (apple's retina display is made by LG).

I wonder if microsoft will be abl...
(continues)

...

Rusty Shackleford

Sep 5, 2013, 9:07 AM

Buy stock in cardboard box manufacturers, UPS, and Fed Ex

This sounds to me like a perfect reason to buy stock in in cardboard box manufacturers, UPS, and Fed Ex because Microsoft has taken their philosophy of releasing unreliable product from the software realm to the hardware realm. Microsoft actually ran out of boxes to ship warranty replacement xbox 360s due to the hardware problems that plagued that device, and no matter how many millions (if not billions) were lost with defects on that device Microsoft stubbornly refused to correct the issue and it wasn't corrected until a major hardware revision came along.

The way I see it, Nokia-branded phones are going to look nice and have a slick LOOKING OS but they are bound to be horribly unreliable.

Hays21

It was 1.1billion dollars. But, Microsoft fixed that problem with a newer model of the 360. So just dont buy the first round of new nokia phones ;).

nevade