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Microsoft morphs into a hardware giant with Nokia deal completion

25
Apr
2014

Microsoft is no longer just a software giant, it’s now a hardware giant. Nearly eight months after its original announcement, Microsoft has completed its deal to purchase Nokias devices and services unit today. Microsoft will pay €3.79 billion for Nokias phone making business, plus another €1.65 billion to license its portfolio of patents. The deal sees Microsoft take control of more than 90 percent of all Windows Phones with Nokias Lumia lineup, and the company will also acquire the low-end Asha brand, Android-based Nokia X handsets, and feature phones.

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