Android World Update # Microsoft Buys Nokia For $7.18 Billion

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Microsoft Buys Nokia For $7.18 Billion Sep 3rd 2013, 04:58, by Edwin Kee Let us take our attention away from all the LG and Samsung announcements as well as leaks leading up to IFA 2013 for a moment. Microsoft has just announced that they have purchased a substantial stake in Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services, all to the tune of a cool $7.18 billion after conversion. This would mean Microsoft acknowledges that they need a far stronger hand to compete in the highly competitive mobile device environment, and despite Windows Phone 8 occupying 3rd spot at the moment, it still has a long way to go before it is capable of seriously challenging Apple’s iOS and Google’s Android mobile operating systems. Do you think that Microsoft's acquisition of Nokia will see them make huge strides in the mobile industry? (This is a preview - click here to read the entire entry.)

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