One of the most talked about rumors has finally been confirmed: Microsoft has announced the buyout of Nokia Smartphones and mobiles at the price of $ 7,2 billion.
Steve BALLMER, who made the headlines for different reasons lately, has stated that this transaction is part of the future and in direct correlation with the transformations that were announced since July 11th this year.
This buyout will now unite the Windows Phone 8 with the firm that has always trusted it. When the deal will be finalized in the first quarter of 2014, Microsoft will pay 3,79 billion euros for Nokia’s buyout, on top of the 1,65 billion euros for its patents. The total that amounts to 5,44 billion euros is significantly less than the agreed investment with Skype in 2011.
It is interesting to see how the key players in the mobile sector of the 90s have all given up or have needed to be rescued from being eaten whole by software and internet moguls.
Motorola, Nokia, Ericsson, Siemens or even Blackberry have all been taken back by the switch to smartphone which occurred with the launch of Apple’s first iPhone.
32,000 of Nokia’s employees will be added to Microsoft’s workforce.
Click HERE to read all of Steve BALLMER’s message to the Microsoft’s employees.