Tuesday 3 September 2013

Microsoft buys Nokia's handset business for £4.6bn

The deal will see Microsoft purchasing Nokia’s services and devices business, which includes the Finnish company’s smartphone and feature phone business; its marketing, operations, sales and design teams; and its manufacturing and assembly facilities. Microsoft will license some of Nokia’s patents for use across all Microsoft products, including the ability to use its Nokia HERE mapping system - although this will continue to be owned by Nokia.
Microsoft is also acquiring the “Lumia” and “Asha” brand names that Nokia has used for its most recent smartphone and feature phone ranges respectively. It has licensed the use of the Nokia brand on current products and on feature phones under a 10-year agreement, although Nokia will retain ownership of the brand, which has led to early speculation the Nokia brand will disappear from future smartphone devices.
Read More:http://www.marketingweek.co.uk/news/microsoft-buys-nokias-handset-business-for-46bn/4007794.article

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