Microsoft buys Nokia for $7.2 billion dollars

Microsoft the PC software giant known for its windows operating system has bought Nokia for 7.2 billion dollars.

The former mobile phone giant missed out on the smartphone wave by holding on to their Symbian OS and that move so Samsung overtaking them to take crown spot as a mobile phone maker.

Nokia shunned Android and the world seemed to shun them for that.

Nokia, the 150 year old company seems to be good at re-inventing itself as the firm started as a paper mill, then morphosed into a boots and tyre maker and eventually phone maker.

Nokia turned to Windows as their Operating System of choice for their flagship Lumia devices but this move saw Nokia peddling a mere 20 million smartphones against hundreds of millions of Androids.

Microsoft will not be allowed to use the name Nokia as if its totally theirs and Nokia will not be allowed to make any phone labelled Nokia until 2015 December.

So Nokia may start making phones again as soon as 2016.

By chiefwriter Posted in General

2 comments on “Microsoft buys Nokia for $7.2 billion dollars

  1. I think this might just be a great move by Microsoft, with Steve Ballmer heading for retirement and now buying Nokia, i’d say, the future is bright for Microsoft..will have to wait and see.

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