News » Mobile » Microsoft to Acquire Nokia's Devices & Services Business

Microsoft to Acquire Nokia's Devices & Services Business

mobile industry
microsoft
nokia
acquisition
devices and services

Sep. 3, 2013 - Microsoft has announced plans to acquire Nokia’s Devices & Services business for approximately EUR 5.44 billion, including a license to Nokia’s patents.

Acquisition Details

The agreement breaks down as follows:

  • EUR 3.79 billion: For Nokia’s Devices & Services business.
  • EUR 1.65 billion: To license Nokia’s patents.

Impact on Nokia Employees

Approximately 32,000 Nokia employees, primarily those involved in the manufacturing, assembly, and packaging of Nokia products worldwide, are expected to transition to Microsoft.

Contact Information

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