Microsoft Buying Nokia
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.
Nokia and Samsung Settle Patent Licensing Deal
Nokia today said it has reached an agreement with Samsung over the licensing of its wireless patents. The companies have been disputing the value of Nokia's patents since Nokia sold its handset division to Microsoft.
Nokia Reiterates Path to New Phones Is Complicated
Nokia has again affirmed its plans to bring Nokia-branded handsets back to the market eventually, but warned that things won't be as they were. Nokia sold its handset division to Microsoft in 2014.
Microsoft Prepared to Cut More Jobs
Microsoft is planning to announce a new round of layoffs as early as today, reports the New York Times. Many of the cuts will target employees in Microsoft's hardware group, such as the smartphone unit it bought from Nokia in 2014.
Nokia Pins Smartphone Comeback on HMD Global
Nokia today said it plans to return to the smartphone business during the first half of 2017 through its partnership with HMD Global. HMD Global recently completed a series of transactions between HMD, FIH Mobile Limited, and Microsoft that will allow it to make phones bearing the Nokia brand.
Microsoft to Close Nokia Finnish Phone Production Site
Microsoft today confirmed it plans to fully close a facility in Salo, Finland, that was formerly used to create and produce mobile phones. Microsoft will leave the Nokia facilities in Espoo and Tampere open, but plans to cut about 2,300 jobs in Finland in total.
It may be labor day but...
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...
Buy stock in cardboard box manufacturers, UPS, and Fed Ex
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.
Microsoft buys Nokia
Not Gonna End Well