As part of $7.1 billion deal, Nokia CEO Stephen Elop will step down to become an executive vice president of the division. September 2, 2013 8:25 PM PDT Steve Ballmer and Stephen Elop at Microsoft-Nokia event in New York last year. (Credit: Sarah Tew/CNET) Microsoft will acquire Nokia's devices and services unit and license the company's mapping services in a deal worth $7.1 billion. As part of the deal announced Sunday, Stephen Elop will step down as Nokia chief executive to become the executive vice president of the devices and services division. "Today's agreement will accelerate the momentum of Nokia's devices and services, bringing the world's most innovative smartphones to more people, while continuing to connect the next billion people with Nokia's mobile phone portfolio," Microsoft CEO Steve Ballmer and Elop said in a joint statement. more to come ...
As part of $7.1 billion deal, Nokia CEO Stephen Elop will step down to become an executive vice president of the division.
Steve Ballmer and Stephen Elop at Microsoft-Nokia event in New York last year.
(Credit: Sarah Tew/CNET)
Microsoft will acquire Nokia's devices and services unit and license the company's mapping services in a deal worth $7.1 billion.
As part of the deal announced Sunday, Stephen Elop will step down as Nokia chief executive to become the executive vice president of the devices and services division.
"Today's agreement will accelerate the momentum of Nokia's devices and services, bringing the world's most innovative smartphones to more people, while continuing to connect the next billion people with Nokia's mobile phone portfolio," Microsoft CEO Steve Ballmer and Elop said in a joint statement.
more to come ...
