Microsoft Buys Nokia's Smartphone Business For $7 Billion
Posted: 03 Sep 2013, 09:27
Microsoft announced tonight that it will buy Nokia's devices and services division.
This is the part of Nokia that makes smartphones (and soon) tablets.
Microsoft will pay 3.70 billion Euro for Nokia's devices business. That's nearly $5 billion is U.S. dollars. Microsoft will also pay an additional 1.65 billion Euro ($2.2 billion U.S.) for the rights to Nokia's patents.
All together, the deal will cost Microsoft about $7 billion U.S.
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