Thursday, 13 December 2018

Elop out as Microsoft buys out Nokia phone unit for €5.44bn

By Mary Lennighan, Total Telecom
Tuesday 03 September 13

Finnish vendor to focus on maps, patents and NSN as U.S. company snaps up Devices & Services business; CEO to go back to Microsoft.

Tuesday morning marked the end of an era as Nokia announced its exit from the mobile phones business, having agreed to sell out to software partner Microsoft for €5.44 billion. The deal is subject to approvals by regulators and Nokia shareholders and is expected to close in the first quarter of 2014, but Nokia has already begun to make changes. Stephen Elop has stepped aside as Nokia CEO and has taken on the role of EVP of its Devices &amp…

Tuesday morning marked the end of an era as Nokia announced its exit from the mobile phones business, having agreed to sell out to software partner Microsoft for €5.44 billion. The deal is subject to approvals by regulators and Nokia shareholders and is expected to close in the first quarter of 2014, but Nokia has already begun to make changes. Stephen Elop has stepped aside as Nokia CEO and has taken on the role of EVP of its Devices &amp…

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