“Microsoft to acquire Nokia’s devices & services business, license Nokia’s patents and mapping services.” From the press release: Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services. So, in other words, most of Nokia. Phones, mapping services and intellectual property. Building on the partnership with Nokia announced in February 2011 and the increasing success of Nokia’s Lumia smartphones, Microsoft aims to accelerate the growth of its share and profit in mobile devices through faster innovation, increased synergies, and unified branding and marketing.
• Tech Industry • 610 words • 3 minutes to read