Microsoft to buy Nokia mobile phone unit

Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn euros ($7.2bn; £4.6bn).

Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 35% on the news, whereas Microsoft's fell more than 5%.

The purchase is set to be completed in early 2014, when about 32,000 Nokia employees will transfer to Microsoft.

Nokia has fallen behind rivals Samsung and Apple, while critics say Microsoft has been slow into the mobile market.

Describing the deal as a "big, bold step forward", Microsoft chiefexecutive Steve Ballmer told the BBC that his company was in the process of transforming itself from one that "was known for software and PCs, to a company that focuses on devices and services". see more..

Source: bbc

Change it Are you an Optometrist??? Need a software? Visit  VisualEyes

Bathroom renovation?? Need some help? Just visit  Bathmaster

Need Product for Bathroom Renovation? Visit  Topkote