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Microsoft to acquire Nokia’s smartphone business

03 Sep

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Microsoft is moving forward with a deal to purchase Nokia’s Devices and Services business for $ 7.2 billion USD (€5.44 billion EUR). The Finnish hardware maker’s mobile phone division has been struggling since the dawn of the smartphone era, recently reporting a $ 150 million revenue loss even after surging sales of its Lumia line of Windows Phone 8 smartphones. For Microsoft, the acquisition is an opportunity to unify its mobile brand. Click through for more details on connect.dpreview.com.

News: Digital Photography Review (dpreview.com)

 
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