Microsoft to acquire Nokia's handset business for $7.2 bln

HELSINKI, Sept 3 Mon Sep 2, 2013 11:14pm EDT

HELSINKI, Sept 3 (Reuters) - Microsoft Corp on Tuesday said it will buy Nokia's mobile phone business for 5.44 billion euros ($7.2 billion).

The deal is expected to close in the first quarter of 2014 and it is subject to approval by Nokia's shareholders and regulatory approvals. Nokia partnered in 2011 with Microsoft and uses Microsoft's Windows software to run its mobile phones.

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Comments (14)
alphashort wrote:
What do you do when you are a company that missed the smart phone industries parabolic rise and you mostly sell cheap dumb phones? Get acquired by a lumbering dinosaur that was also fast asleep when the smart phone industry was created and grew parabolically. Good-Bye Nokia. You won’t be missed.

Sep 02, 2013 12:59am EDT  --  Report as abuse
enzos wrote:
are you getting paid by google or apple to post this nonsense? windows 8 is selling 10million copies a month. no other tech product in the universe is selling at that rate.

shill!

Sep 03, 2013 2:06am EDT  --  Report as abuse
unkown9099 wrote:
Annabelle3001… linux.. I hope you are kidding… morons have been saying that for 20 years…. and look what happen when they said they where going to do a linux phone… no one cares….

why ditch MS… is linux better.. hell no! and crapple HA HA not even close…

Sep 03, 2013 2:13am EDT  --  Report as abuse
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