Tag: Stephen Elop

• Thursday, September 5th 2013 - 01:30 UTC

  Microsoft buys Nokia mobile phone business to focus on “devices and services”

  

  Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn Euros. 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.