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Microsoft completes $7.2B Nokia acquisition, will now attempt a messy transformation into a low-margin hardware company
2014-04-25 15:20:15| Extremetech
As of this morning, Microsoft officially owns Nokia's handset business. The deal cost Microsoft $7.2 billion, and in one fell swoop it turns the software company into one of the world's largest hardware companies, not only becoming the primary source of Windows Phone devices (the Lumia brand accounts for around 90% of all Windows Phones sold), but also taking on the hundreds of millions of low-end phones that Nokia currently produces for developing markets. But... now what?
Tags: company
hardware
microsoft
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Category:Information Technology