It happened: Microsoft to buy Nokia’s device division for 5.44 billion euros


After years of rumors about what former Microsoft executive and current Nokia CEO Stephen Elop had in mind for the world’s most prominent Windows Phone brand, it’s official: Microsoft is buying Nokia’s Devices and Services division for 5.44 billion euros, or just over $7.7 billion.


The deal will give Microsoft control of Nokia’s smartphone manufacturing, and 32,000 people who worked for Nokia last week now work for Microsoft, pending the completion of the deal, which the companies said was expected to close in the first quarter of 2014.


(More to come.)







via GigaOM http://feedproxy.google.com/~r/OmMalik/~3/R7chfgxaLv8/

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