Nokia's Devices Business Acquired By Microsoft For $7.2 Billion
Handset maker Nokia's devices business has been acquired by Microsoft, in a deal which is worth approximately $7.2 billion, the companies said this morning. Nokia, which has its US headquarters in Sunnyvale and global headquarters in Finland, is selling off all of its Devices & Services business, plus will license its patents and mapping services to Microsoft. It is also transferring 32,000 people to Microsoft as part of the transaction.
posted on Tuesday, September 3, 2013
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