Tuesday, September 3, 2013

Microsoft Buys Nokia Mobile

The Cloud is Huge and so is this post-labor day announcement from Microsoft.

Microsoft Buys Nokia Mobile

"In the transaction, all of Nokia's device business, including design, manufacturing, sales, marketing, and support, becomes a part of Microsoft. This includes 32,000 staff, of which 4,700 are in Finland.

Remaining behind is Nokia Solutions and Networks (formerly Nokia Siemens Networks), which builds telecommunications equipment, and mapping division HERE (Navteq). Nokia is also retaining its Advanced Technologies group, which develops and licenses intellectual property. These parts together account for about half of Nokia's revenue, and approximately 24,000 staff.

Nokia CEO Stephen Elop—formerly of Microsoft—will be succeeded as Nokia CEO by Risto Siilasmaa. Elop will serve as Executive Vice President of Devices & Services, and Nokia expects that he will move to Microsoft once the deal is closed."

Thanks to Ars Technica

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