Microsoft acquires Nokia Devices & Services

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Some of you out there might not find this surprising at all (especially those who might think that this was the initial plan to start with). Microsoft acquires Nokia Devices & Services business, “to deliver more choices, faster innovation, and even more exciting devices and services to our customers.”

The deal is slated to be sealed in the first quarter of next year, and will cost Microsoft 3.79 billion Euros. Additionally, 1.65 billion Euros will be paid for Nokia’s enormous patent portfolio, for a total of 5.44-billion Euros (around $7.17 billion). There will also be a worker exodus between the two companies: 32,000 people will transfer from Nokia to Microsoft, out of which 18,300 which are “directly involved in manufacturing.”

Stephen Elop, CEO of Nokia, will step down, as part of the agreement. He will become the head of Microsoft’s Devices team, which also includes the Surface and Xbox One line-up. His place at Nokia will be taken, temporarily, by Risto Siilasmaa, who was named Nokia’s Interim CEO (previously chairman of Nokia’s Board of Directors).

Speculation is already underway: Elop’s role as head of the Devices team is not yet defined, and, with Steve Ballmer stepping down and Microsoft looking for its next CEO, some are already putting Elop in Microsoft’s CEO chair.

What do you think about this deal? Was it planned for from the beginning? Will it save Nokia? Will it positively impact Windows Phone? Will it have a negative impact on other hardware partners for Windows Phone? Let us know in the comments below!

Source: Microsoft

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About The Author
Anton D. Nagy
Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.Given his background, and knowing his potential, something tells us he will succeed this time too! Stick around!Read more about Anton D. Nagy!| Google+