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Nairaland Forum / Nairaland / General / Business / Microsoft To Buy Nokia's Handset Business For $7.2 Billion (408 Views)
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Microsoft To Buy Nokia's Handset Business For $7.2 Billion by kings2all: 1:01pm On Sep 03, 2013 |
Microsoft Corp said it will buy Nokia Oyj's phone business and license its patents for 5.44 billion euros ($7.2 billion), making its boldest foray yet into mobile devices and bringing executive Stephen Elop back into the fold. Nokia chief Elop, a former Microsoft executive, will return as Microsoft's board ponders a successor to current CEO Steve Ballmer, who will depart sometime in the next 12 months after initiating a reorganization intended to transform the software company into a devices and services group in the mould of Apple Inc. http://www.freeinfor.com/microsoft-to-buy-nokia-s-handset-business-for-7-2-billion-t85.html
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