Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn euros ($7.2bn; ?4.6bn).
Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 35% on the news, whereas Microsoft's fell more than 5%.
The purchase is set to be completed in early 2014, when about 32,000 Nokia employees will transfer to Microsoft.
Nokia has fallen behind rivals Samsung and Apple, while critics say Microsoft has been slow into the mobile market.
Describing the deal as a "big, bold step forward", Microsoft chief executive Steve Ballmer told the BBC that his company was in the process of transforming itself from one that "was known for software and PCs, to a company that focuses on devices and services".
BBC News - Microsoft to buy Nokia's mobile phone unit
MS will either kill 'em or cure 'em. I'm guessing they'll kill them and use the patents to sue any and every company that makes a usable phone for breach of copyright.... Let the patent wars begin *shrug*
Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 35% on the news, whereas Microsoft's fell more than 5%.
The purchase is set to be completed in early 2014, when about 32,000 Nokia employees will transfer to Microsoft.
Nokia has fallen behind rivals Samsung and Apple, while critics say Microsoft has been slow into the mobile market.
Describing the deal as a "big, bold step forward", Microsoft chief executive Steve Ballmer told the BBC that his company was in the process of transforming itself from one that "was known for software and PCs, to a company that focuses on devices and services".
BBC News - Microsoft to buy Nokia's mobile phone unit
MS will either kill 'em or cure 'em. I'm guessing they'll kill them and use the patents to sue any and every company that makes a usable phone for breach of copyright.... Let the patent wars begin *shrug*



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