Last updated on September 8th, 2018
With Microsoft’s purchase of Nokia’s mobile business for $7.1bn, the Redmond software giant has finally become a phone and device maker. The deal gives Microsoft Nokia’s global handset engineering, manufacturing, sales and distribution business; the family of Windows-Phone-powered Lumia smartphones; a war chest of 8,500 Lumia and Asha phone patents while licensing 30,000 utility patents; and a standing army of 32,000 Nokia employees. The deal is expected to close in the first quarter of 2014.
