Following on from last week’s news that the US department of Justice’s approval, the EU’s executive body has also given the green light for Microsoft’s acquisition of Nokia for $7.36bn.
The US department of Justice has given the green light for Microsoft’s acquisition of Nokia for $7.36bn.
Microsoft has announced it is to buy Nokia’s mobile phone business and services business. The press release from Microsoft details what exactly they will be getting from Nokia in the deal:
“Under the terms of the agreement, Microsoft will pay EUR 3.79 billion to purchase substantially all of Nokia’s Devices & Services business, and EUR 1.65 billion to license Nokia’s patents, for a total transaction price of EUR 5.44 billion in cash. Microsoft will draw upon its overseas cash resources to fund the transaction. The transaction is expected to close in the first quarter of 2014, subject to approval by Nokia’s shareholders, regulatory approvals and other closing conditions.” Continue reading
The report by the research firm Gartner found handset makers sold 435 million mobile phones by the end of the second quarter of the year; 225 million of those purchases were smart phones. Over the same time period last year, feature phone sales fell to 210 million, a decline of 21%.
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Nokia has added two new phones to its mobile lineup, bringing social media and instant sharing to more mobile users. The Nokia Asha 205 and 206 were designed by the Finnish company to provide speedy Internet at affordable prices, as well as integrated social networking. The Asha 205, with a full QWERTY keyboard, is expected to start shipping in the fourth quarter in the US, with a price tag of $62, so expect a price point around the £40 – £50 mark when it hits the UK. The device comes in cyan, magenta and orange. Continue reading
Windows Phone 8 introduces new features such as “Rooms” where updates can be shared with a select group of contacts and the innovative “Kid’s Corner” option which gives children access to certain games and apps without exposing the rest of the handset. Continue reading
Samsung Electronics has become the first smartphone maker to release a device featuring Microsoft’s latest mobile software, beating Nokia to the crunch by a matter of days. The brief announcement on Wednesday at a Berlin electronics show comes amid expectations that smartphone makers may turn increasingly to Windows devices after a US jury decided many of Samsung’s Google Android-based phones infringed Apple patents. Continue reading
Nokia is set to launch two new Windows devices at a joint event with Microsoft next month. Sources close to the Finnish company said that a joint event with Microsoft on September 5 will see the unveiling of devices codenamed “Arrow” and “Phi”. Continue reading