Source: TheVerge
Wikipedia:
https://en.wikipedia.org/wiki/Nokia#Acquisition_of_mobile_phone_division_by_Microsoft
Wikipedia:
https://en.wikipedia.org/wiki/Nokia#Acquisition_of_mobile_phone_division_by_Microsoft
One of the most enticing "what-ifs" of recent years has come true: Microsoft has purchased Nokia's devices and services unit, bringing the Lumia lineup under the Redmond roof. The move unites Windows Phone 8 with its biggest hardware supporter, giving the company the integrated mobile offering it's been looking for with Surface and other devices. When the deal closes in the first quarter of 2014, Microsoft will pay €3.79 billion for Nokia's business, plus another €1.65 billion for its portfolio of patents.
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For $7.2 billion, Microsoft bought its way into the category of "devices and services company." It gives Microsoft the kind of end-to-end control in mobile that only Apple and BlackBerry have enjoyed (to varying success), and a critical measure of quality control. But can Microsoft succeed where Nokia failed? Was Nokia holding Windows Phone back, or was Windows Phone the problem? The big questions aren't going away, but maybe now we'll get answers.
Correction: This article incorrectly stated that Stephen Elop is now leading Microsoft's devices team. However, Stephen won't join Microsoft until after the acquisition is approved.