From virtually the day that Nokia (NYSE:NOK) and Microsoft (Nasdaq:MSFT)
began working together on mobile handsets and smartphones investors
have speculated whether Microsoft would acquire Nokia's handset
business. Not only had Nokia continued to struggle with the transition
to smartphones, some argued that Microsoft would want to “control its
ecosystem” in the same way that Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG) do through their software and hardware operations.
That all came home to roost on Tuesday, as the two companies announced a
transformative deal that will see Microsoft acquire Nokia's phone
business and license significant intellectual property (IP). After the
deal, Nokia will be a cash-rich wireless infrastructure company, while
Microsoft will be much more geared towards handsets and consumer
devices.
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