Microsoft Buying Nokia
Updated: added background
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 Will Design and License Phones Beginning In 2016
Nokia CEO Rajeev Suri said the company will tackle the mobile phone industry again once its non-compete clause with Microsoft expires next year. Nokia no longer owns any manufacturing facilities and will not make its own phones.
Microsoft's Jo Harlow to Depart, Too
Microsoft has confirmed that Jo Harlow, head of the company's mobile phones, will leave alongside device chief Stephen Elop in the weeks ahead. Harlow began at Nokia in 2003 and played a role in Nokia's switch to Windows Phone in 2011.
Microsoft Reorganizes Execs, Stephen Elop to Leave
Microsoft CEO Satya Nadella has moved around some of the top executives at the company and some are leaving Microsoft. Among those headed out the door is Stephen Elop, who helmed the company's device business.
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