Microsoft to buy Nokia handset division for $7.2 billion
DEVICES: Is Microsoft trying to reinvent itself yet again? In part, yes – this time as a mobile manufacturer. Yet this latest move, acquiring the mobile division of Nokia, probably says more about both organisations as they try to find a role in a Google-Apple world sprinkled with plenty of other new players. Read the full story on Reuters.
The announcement sees the return of executive Stephen Elop back into the fold and is expected to complete early next year.
Nokia chief Elop, a former Microsoft executive, will return as Microsoft’s board ponders a successor to current CEO Steve Ballmer, who will depart sometime in the next 12 months after initiating a reorganization intended to transform the software company into a devices and services group in the mould of Apple.
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