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Microsoft to Buy Nokia's Devices & Services Business, Nokia's Patents and Mapping Services for EUR 5.44 billion

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 Microsoft to Acquire Nokia's Device Business

Microsoft Nokia Deal Worth EUR 5.44 billion

According to the Press Release published by Nokia and Microsoft Corporation, Boards of Directors of both Microsoft Corporation and Nokia Corporation have decided to enter into a transaction to sell Nokia's Devices & Services business, license Nokia's patents, and license and use Nokia's mapping services. The decision to buy Nokia is one of the biggest deal and is taken with the planned retirement announcement of Microsoft Chief Executive Steve Ballmer.

Microsoft will buy Nokia’s devices and services business for €3.79 billion ($5 billion). They will also pay €1.65 billion ($2.2 billion) for Nokia’s patents. The whole deal will cost €5.44 billion or $7.18 billion and it will be paid out in cash. Microsoft and Nokia announced that the transaction is expected to close in the first quarter of 2014, subject to approval by Nokia’s shareholders, regulatory approvals and other conditions.

After finalized deal around 32,000 employees are expected to transfer from Nokia to Microsoft, which include top Nokia executives Nokia Ex-CEO Stephen Elop. Stephen Elop is stepping down as Nokia President and CEO after today's announcement and is replaced by Risto Siilasmaa current Chairman of the Nokia Board of Directors as new interim CEO of Nokia.


Nokia is one of the biggest partner of Microsoft's Windows OS in smartphones. With the acquisition of Nokia, Microsoft will get a chance to take an edge over leaders in smartphone manufactures like Apple, Google and Samsung Electronics Co. Once a giant in there area, both Microsoft's Windows OS and Nokia Smartphones are lagging behind to their competitors Android OS and Samsung's Smartphones.
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