Microsoft completes acquisition of Nokia mobile phones
Microsoft closed on its approximately USD 7.5bn acquisition of Nokia’s hardware operations on Friday.
The deal will mark the end of production of mobile phones by Nokia, which is the world’s No. 2 seller of mobile phones in the world, behind Samsung. However, the vast majority of those are not smartphones.
“Today we welcome the Nokia devices and services business to our family,” BBC News quotes Microsoft chief executive Satya Nadella.
“The mobile capabilities and assets they bring will advance our transformation.”
The Finnish company will now focus on networks, mapping services and technology development and licenses.
Related Articles
U.S Oil Prices Crashed into Negative Territory
Oil price in the U.S has plunged more than 100% to about -$40 as demand dries up and storage capacity
China’s manufacturing activity growing at its fastest rate in two years
China reported a Purchasing Managers Index (PMI) of 51.9 in January compared with 51.5 in December. The country’s manufacturing activity
Apple forced to publish an apology to Samsung over iPad design wrangle
The UK High Court ruled on a dispute between the two smartphone giants, Apple and Samsung, and forced the former
