Microsoft agree to buy Nokia's mobile phone unit
Microsoft has agreed a deal to buy Nokia's mobile phone business for £4.6bn and is set to be completed in early 2014 when about 32,000 Nokia employees will transfer to Microsoft.
Nokia will also license its patents and mapping services to Microsoft.
Describing the deal as a "big, bold step forward", Microsoft chief executive Steve Ballmer said that his company was in the process of transforming itself from one that "was known for software and PCs, to a company that focuses on devices and services".
10 Sep 2013
by Taylor Williams