2013 Sep 3, Microsoft and Nokia announced that Microsoft will purchase Nokia’s Devices & Services business and related stuff. Under the terms of agreement, Microsoft will pay totally EUR 5.44 cash to purchase them.
This news is big, not actually most of IT and Telecommunication related people will not bee too shocked because just one reason: Why Nokia ONLY makes Windows Phone. Microsoft and Nokia should have some plans to stay together very early.
Microsoft News Center has already posted the Head news about this purchase. “Microsoft to acquire Nokia’s devices & services business, license Nokia’s patents and mapping services”
By now, Microsoft stock share price down almost –5%, but Nokia up almost 45%.