Finland based company Nokia has sold its mobile phone unit to Microsoft for $7.2 billion.
We all saw how Nokia was struggling to keep with its competitors Samsung and Apple. And company officials thought this was the right time to do this. Nokia was once a leader in the mobile phone industry, but recent times have been quite tough for Nokia.
With this deal , Microsoft also receives a 10-year non-exclusive license to patents. Microsoft will now try to beat Samsung, Apple and Google with this new acquisition.
This move by Nokia was also welcomed by its investors and its stock surged quite a bit.
Now, all eyes are set on Blackberry. Blackberry has segregated its smartphone unit and is looking for buyers.
We all saw how Nokia was struggling to keep with its competitors Samsung and Apple. And company officials thought this was the right time to do this. Nokia was once a leader in the mobile phone industry, but recent times have been quite tough for Nokia.
With this deal , Microsoft also receives a 10-year non-exclusive license to patents. Microsoft will now try to beat Samsung, Apple and Google with this new acquisition.
This move by Nokia was also welcomed by its investors and its stock surged quite a bit.
Now, all eyes are set on Blackberry. Blackberry has segregated its smartphone unit and is looking for buyers.
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