Microsoft Buys Part of Nokia

So the big news of the moment is that Nokia is selling it’s Devices & Services business to Microsoft.

The deal is “expected to close in the first quarter of 2014, subject to approval by Nokia shareholders, regulatory approvals and other customary closing conditions”.

After the deal has taken place (according to the press release) Nokia will focus on network infrastructure, mapping and location services and “Advanced Technologies”.

After the deal closes, it will mean about 32,000 people will transfer to Microsoft which includes about 4,700 people in Finland. Microsoft will own “all Nokia Devices & Services production facilities”.

Microsoft will also get a 10 year non-exclusive license to Nokia patents.