Tuesday, November 12, 2013

Microsoft Buys Nokia’s Devices Division News

Microsoft inked a deal in September to pay Finish phone maker Nokia €3.79 billion for its phone business, plus an additional €1.65 billion to license the company’s patents, for a total of €5.44 billion, or about $7.2 billion in US dollars. Microsoft hopes to accelerate the growth of its share and profit in mobile devices, both of which could use a boost. In related news, market research firm Kantar Worldpanel reported that the Windows Phone Store was processing 9 million transactions per month, a factoid that Microsoft repeated in a developer blog.
                  Around 32,000 Nokia employees will transfer to Microsoft, including 4,700 workers in Finland and 18,300 employees directly involved in manufacturing, assembly, and packaging of products worldwide.

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