Whoa. Big news from the middle of the night. According to Nokia, Microsoft will purchase “substantially” all of Nokia’s device and service arms as well as licensing the phone maker’s patents and mapping know-how. The Redmond company will pay Nokia a cool 3.79 billion euros ($4.99 billion) for the business, and 1.65 billion euros ($2.18 billion) for its patent armory.
Microsoft hopes that allying with its biggest Windows Phone manufacturer will speed up growth (and improve its smartphone market share) — the company is already promising “increased synergies”. CEO Steve Ballmer added: “It’s a bold step into the future – a win-win for employees, shareholders and consumers of both companies. Bringing these great teams together will accelerate Microsoft’s share and profits in phones, and strengthen the overall opportunities for both Microsoft and our partners across our entire family of devices and services.”
Just a few short years ago this would have been unthinkable…