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Saturday, September 07, 2013

Nokia Sold its Handset Unit to the Software Giant Microsoft for $7.2 Billion

This occurrence is of course inevitable seeing how software companies are increasingly moving into the hardware market so as to have total control on the hardware to uses its software, something
Apple did long time ago and paying off.


Google and Microsoft who just in recent times totally picked up on the school of thought of Apple have seen that controlling both the hardware that runs its software is the way to go now.

Well, Microsoft has totally demonstrated that school of thought again by acquiring Nokia's handset division for $7.2 billion.

Also, Nokia would license some of its patents to Microsoft to allow for freely usage of these technologies.

Nokia directors and shareholders had these to say in a statement made by Risto Siilastmaa, chairman, Nokia board of directors.

"We believe this transaction is the best way forward for Nokia and its shareholders"

What matters most to the consumer is how this acquisition will benefit the consumer in terms of phone design and overall user experience.

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