Microsoft buys Nokia mobile division for $ 7 billion

While all Apple-community is waiting for news about the new iPhone and iOS, the most important events taking place in the mobile market.

Just a few days ago, Microsoft announced plans to buy a majority of Nokia's mobile division, along with patents and licenses companies. The total purchase price will be $ 7.2 billion. The transaction is expected to be issued in the first quarter of 2014

After completion of the transaction, most of the top management and the Nokia employees will move to work at Microsoft, including Stephen Elop, Jo Harlow, Chris Weber and others. In total, Microsoft will move to work more than 32 thousand employees of the Finnish company.

This means that Elop will step down as director general of Nokia, and its position temporarily takes Risto Silasmaa. Elop will be the same as executive vice president for devices, and Microsoft services. Steve Ballmer in an email sent out by employees of the company, says that Elop goes to work to redmondovtsam to guide the unit responsible for the device.

In Microsoft emphasize that mobile business buying Nokia and its patent - is the key to the further development of devices and services company. The foundation of such cooperation - a partnership with Nokia, signed in February 2011.

Redmondovtsy note that the purchase of Nokia they want to accelerate the growth of its development in the mobile market through innovation, improved cooperation, and common branding and marketing. Here's what Ballmer said on this occasion:

Combining such great teams [Microsoft and Nokia] Microsoft will increase profits in the mobile market and will strengthen the cooperation between Microsoft and our partners. In addition to its phone innovation, the Nokia is valuable in its approach to the design, hardware design, production, management, marketing and distribution.

Also, according to Ballmer, the Nokia is planning to focus on the other three remained in the company's business: network infrastructure and services, location-based services and the development of technology.

Acting Director General of Nokia Risto Siilasmaa said:

After a thorough evaluation of shareholder value, we believe that this transaction is the best solution among others for Nokia and its shareholders

Well, it's safe to say that from us leaves a whole era, a real pillar of the broader mobility industry. Who would have thought five years ago that the Finnish company will leave nothing for Microsoft? First, the Finns refused to develop their own mobile software, Nokia is now finally ceased to be an independent company. You know, I've never been an ardent fan of the Nokia, but all the same I'm sorry that everything turned out that way.

On the other hand, we should be glad for the Microsoft, because they cranked very useful and beneficial for themselves a bargain.

In general, in the mobile market have apparently waiting for more interesting times than before - competition only increased and it will be interesting to see how different companies will cope with it.