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.
Microsoft Makes Branding Change Official
Microsoft today indicated its branding transition from Nokia Lumia to Microsoft Lumia is progressing as planned. Microsoft has slowly been rebranding apps, services, and web sites from Nokia to Microsoft.
Microsoft to Drop Nokia Brand from Smartphones
Microsoft indicated that it is prepared to drop the Nokia brand from its line of Windows Phones. Moving forward, the company will use the Microsoft Lumia name to refer to its phone hardware.
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.
Samsung Looking to Escape Paying $1B to Microsoft
Samsung claims that if it honors a 2011 patent-licensing agreement with Microsoft it could be charged with collusion. The argument is the latest from Samsung, which owes Microsoft $1 billion in patent licensing fees, plus another $6.9 million in interest.
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