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Late last night, Microsoft announced they will be acquiring most of Nokia for about $7.2 billion. Specifically, Microsoft is acquiring Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services.
This is a cash deal, where the break down is "EUR 3.79 billion to purchase substantially all of Nokia’s Devices & Services business, and EUR 1.65 billion to license Nokia’s patents, for a total transaction price of EUR 5.44 billion in cash." They hope the deal closes in the first quarter of 2014.
Techmeme is a buzz about the news, as you would imagine. So I recommend reading some of the top stories there.
It will be interesting to see how this plays in Microsoft's role in search and mobile going forward. Of course, that can take years and years to play out.
Forum discussion at WebmasterWorld.
Comments:
ethalon
09/03/2013 12:14 pm
A lot of chatter going on about the newly re-acquired CEO of Nokia being looked at as a possible replacement to Balmer. Choose to put your companies eggs in the Windows Phone basket...what have we done...????...profit!?
Phone Source
09/03/2013 06:59 pm
I think the purchase is good for the mobile phone industry. This purchase will diffuse somewhat the monopoly. Microsoft will now better integrate its products with its mobile devices.
Sita Gabriel
09/04/2013 05:21 am
I think this is a good thing, hopefully they will improve Nokia, this was my favorite phone company since I was a child.
Graciousstore
09/05/2013 02:39 am
Big companies are getting bigger by 'swallowing" the smaller ones