Microsoft to acquire Nokia Business for $7.2 billion

It is being news that Microsoft is going to buy Nokia firm till the first quarter of the 2014. But this deals has been finally done today, as Microsoft have acquire Nokia firm for 5.44 billion euros ($7.2 billion). This deal will get complete till the early of the next year, when all the shareholders will be get shifted to Microsoft and also complete all the regulatory approvals.

Till that Microsoft will acquire all the of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services.

This is a smart moves from the Nokia and Microsoft, that two leading tech giants firm are getting close, this will surely benefit to both of the firm on there profits. 

Nokia is one of the most leading mobile production and selling company across the India and other countries, but from the year 2012 when Samsung have took its place, Nokia is not able to get back the same place on the market. After bringing the newest and hottest gadgets also, Nokia fails to to beat its competitors as like Samsung and Apple Inc. 

Bringing these great teams together will accelerate Microsoft's share and profits in phones, and strengthen the overall opportunities for both Microsoft and our partners across our entire family of devices and services," said Steve Ballmer, Microsoft chief executive officer.

This steps will surely helps the Microsoft to spread its products and will benefit a lot. After this may this will gives the good competition to the Android Operating firms, as after Windows, Android is the most likable mobile operating system. Microsoft will give better touch to its products to get the market. As per the stats, users of windows phone has increase by 78% to this year.