Microsoft Acquire Nokia’s Phone Business

Posted by: Maxine Brimmer (3 years, 1 month ago)

This week it was announced that Nokia’s entire devices and services division will be acquired by software giants Microsoft for a deal worth $7.2 billion. Making the move to Microsoft along with Nokia’s smart phones is Nokia CEO Stephen Elop, who is one of the suggested candidates to fill Steve Ballmer’s shoes when he steps down from Microsoft leadership next year.

The acquisition deal suggests that Microsoft will be taking a leaf out of their competitor Apple’s book by having more direct control over the manufacturing of their handsets. The partnership between Microsoft and Nokia goes back to 2011, when Nokia adopted Windows Phone 7 as the operating system for their new line of smartphones.

The deal is currently still subject to approval by shareholders, but is expected to go through in the first quarter of 2014. Assuming the deal does in fact go through,  around 32,000 Nokia employees will make the move to Microsoft, including approximately 18,300 people involved in manufacturing.

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