Microsoft will buy Nokia's mobile business

The software maker Microsoft has agreed to purchase units of Nokia, which is engaged in production of mobile phones. This was reported in the press release of the American company . About 2.17 billion dollars Microsoft will pay for the patent , the remaining funds - five billion dollars - will go to the actual purchase of the mobile business . The transaction is expected to close in the first quarter of next year. Microsoft to pay for purchases is planning to raise funds deposited in foreign accounts . In a press release, the Finnish company confirmed that Nokia CEO Stephen Elop will become vice -president of Microsoft. In his new role Elop will continue to engage in the development of mobile devices. To work at Microsoft will move a few top managers Nokia. After telling the head of Microsoft Steve Ballmer 's decision to resign in the media have suggested that the new head of the American company can become just Elop , has worked for the software company . Microsoft and Nokia are working closely two years. In 2011, the company signed a strategic partnership agreement . Under the contract, the Finnish company has become the largest supplier of software for mobile devices based on Windows. Over the past few years Nokia has worsened significantly in the position of the mobile device market , unable to cope with increasing competition from Apple and Samsung. The Finnish company is developing phones based on Windows, whereas its competitors are smart phones on iOS and Android.
Source : lenta.ru