Microsoft to acquire Nokia's handset business for $7.2 billion

03 Sep 2013 - {{hitsCtrl.values.hits}}

Microsoft Corp on Tuesday said it will buy Nokia's mobile phone business for 5.44 billion euros ($7.2 billion).

The deal is expected to close in the first quarter of 2014 and it is subject to approval by Nokia's shareholders and regulatory approvals. Nokia partnered in 2011 with Microsoft and uses Microsoft's Windows software to run its mobile phones.

(Reporting by Terhi Kinnunen; Editing by Miral Fahmy)

(Source : Reuters)

Technology - Main

Microsoft to acquire Nokia's handset business for $7.2 billion

Most Popular Articles

2026 FIFA World Cup Schedule in Sri Lankan Standard Time

Breaking Down the Israel–Iran Conflict: What We Know So Far - Day 108

’’Cut out the noise, focus on your game’’; Sri Lanka great reaches out to Sooryavanshi

Mother wins three-decade legal battle over property against son

Struggling Pizza Hut chain to be sold for $2.7bn

Gold Price Today in Sri Lanka – 22K & 24K Rates, Trends, and Investment Guide

Latest News

Rough sea conditions expected over next 24 hours

Schools targeted in nationwide dengue Control drive today

Nearly 30,000 new teachers to be recruited this year – PM

Global crude oil prices fall further as U.S.-Iran peace deal eases supply fears

Decisions on education must prioritise children’s best interests: PM