According to the latest press release from Redmond, Washington, Microsoft has purchased substantially all of Nokia’s Devices & Services business, license Nokia’s patents, licenses and Nokia’s mapping services at a cost of about $7.2 billion.
This is a major deal that most of us were wondering if it was ever going to happen. This will put both companies in a win-win situation to push forward innovation and build upon the success that the two companies have seen while working together.
Microsoft has been switching gears lately and taking a more “Apple-like” approach to how they do business by being more in control of hardware, software and services. This business model isn’t new to Microsoft as they have done it before with Surface but many question how this will impact other devices that use Microsoft mobile software, as it could steer users away from other Windows Phone options. Ultimately, it’s a smart move by Microsoft that should put them in a much better position to compete with the iOS and Android platforms more directly.
You can read the official press release for full details on the acquisition.
