Tuesday, September 03, 2013

Microsoft to buy Nokia "devices and services" for $7.2B

Microsoft Enters Into $7.2B Deal To Buy Nokia’s Devices And Services Business And License Its Patents | TechCrunch


Also as part of the deal, Nokia’s CEO Stephen Elop will be stepping aside as Nokia President and CEO to fill a new role at Microsoft as “Nokia Executive Vice President of Devices & Services.” Being that Elop has emerged as a leading rumored contender for the soon-to-be-vacant spot at the helm of Microsoft, this could be a strong signal about the future of Microsoft’s executive leadership.

@zdnet Under the terms of the deal, Microsoft will acquire around 32,000 people Nokia employees, including 4,700 people in Finland and 18,300 employees directly involved in the manufacture, assembly, and production of devices worldwide. Nokia will also assign its long-term patent licensing agreement with Qualcomm, a smartphone chip maker, and licensing agreements, to Microsoft as part of the deal.

Next in line: Blackberry...

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