Microsoft Buys Nokia Phones

The era of Nokia as a mobile phone manufacturer is over after Microsoft completed a deal to buy the Finnish firm's troubled device division.

Microsoft acquires Nokia's smartphone and mobile phone businesses as part of the $7.5bn (£4.46bn) deal, plus its design team, most of its manufacturing and assembly facilities and operations, and sales and marketing support.
Nokia led the phone market for years. The closure of the deal ends the production of mobile phones by the Finnish company, which had led the field for more than a decade.

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http://news.sky.com/story/1249375/end-of-an-era-as-microsoft-buys-nokia-phones

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