Microsoft Acquires Nokia!

Microsoft acquired Nokia’s Devices and Services. Microsoft CEO Steve Ballmer called it as  “a bold step into the future.”

TechnoparkToday.com(Sept, 2013)>> Microsoft acquired Nokia’s Devices and services unit. It unites Windows Phone 8 with its biggest hardware supporter, and gives the company an integrated solution across hardware and software. Microsoft paid 3.79 billion Euros for Nokia’s business, plus another 1.65 billion Euros for its portfolio of patents. This acquisition results around 3200 people will be transferred from Nokia to Microsoft.

Nokia’s device business now gone, Nokia’s plan is to focus, on three core technologies: NSN (its network infrastructure) HERE (its maps and location-based services); and Advanced Technologies (a licensing and development arms. Microsoft will pay Nokia for a four-year license of the HERE services, bringing the newly smaller company more revenue and stability than it had previously. But it also makes Nokia a much smaller company.