Microsoft to acquire Nokia’s handset, services businesses for $7.2 billion

[Wireless News]

The deal was years in the making but it finally happened: Microsoft will acquire Nokia’s devices and services business for $7.2 billion. Rumors have swirled for years as the two giants repeatedly held negotiations, and the deal seemed like it would never happen since the companies’ recent Windows Phone partnership appeared to make a full acquisition pretty unnecessary from Microsoft’s perspective. Some argue it’s still unnecessary from Microsoft’s perspective, but the deal is done nonetheless — pending regulatory approval, of course. “It’s a bold step into the future — a win-win for employees, shareholders and consumers of both companies. Bringing these great teams together will accelerate Microsoft’s share and profits in phones, and strengthen the overall opportunities for both Microsoft

More... (http://news.yahoo.com/microsoft-acquire-nokia-handset-services-businesses-7-2-105524592.html)