The purchase is set to be completed in early 2014, when about 32,000 Nokia employees will transfer to Microsoft, the transaction is still subject to approval by Nokia shareholders and regulators.
Nokia says that once the sale is completed, it will
concentrate on three key businesses - network equipment manufacturing,
mapping and location services, and the development and licensing of
technology.
Nokia will also license its patents and mapping services to Microsoft.
Nokia shares jumped 35% on the news, whereas Microsoft's fell more than
5%.
source bbc
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