American company
Microsoft announced that it has reached an agreement with the Finnish company
Nokia to acquire all of Nokia devices and related services in addition to
obtaining a license using its patents, the deal will cost €5.44 billion.
Microsoft expected to complete the deal during
the first quarter of the year 2014, and after obtaining the approval of the
shareholders of Nokia, and the required legal approvals.
According to the deal, Microsoft
will get the entire Nokia's business related to the development of devices and
services, including mobile phones and smartphones as well as all the offices
and factories producing products and services in addition to sales and
marketing with the support.
Microsoft noted that upon completion of the deal,
about 32,000 employees will move from Nokia to Microsoft, including 4,700 employees in Finland.
As part of the deal, Nokia will give Microsoft
a non-exclusive license of 10 years to use its patents, in return, Microsoft will grant Nokia reciprocal rights
of Nokia Maps service HERE. In addition, Nokia will give Microsoft the option
to extend the agreement of patents permanently .
The deal also included 10-year agreement where Microsoft will
use Nokia brand on the current products of mobile phones, and Nokia will
continue to own its brand.
Microsoft stated reason for its acquisition of Nokia and why
they need to enter the smart phone market, the reason is to compete with other
companies and systems and make Windows Phone system with the same level of
Android and iOS in terms of applications and services, and the acquisition will
protect the future of the Windows Phone system.
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