Microsoft to Buy Nokia's Devices & Services Unit Tuesday Sep 3,2013

                      Stephen Elop CEO of Nokia (left), with CEO of Microsoft Steve Ballmer



Nokia Corporation on Tuesday Sep 3,2013 announced that it has signed an agreement to sell substantially all of its Devices & Services business and licence its patents to Microsoft for €5.44 billion in cash


The transaction is expected to close in the first quarter of 2014, subject to approval by Nokia shareholders, regulatory approvals and other customary closing conditions