Published on November 20th, 2013 | by Den0
Microsoft buys Nokia handset division
95% of Nokia investors have agreed the sale of Nokia’s handed business to Microsoft in a deal worth an estimated £4.5 billion.
Once the world leaders in mobile handsets the Finnish company has seen its market share decline in the last few years as it has struggled to compete with big players Samsung and iPhone.
It was only a matter of time before Microsoft entered the mobile handset market with past rumours of a Microsoft device, but with the adoption of the Windows mobile OS on the Nokia Lumia range, buying Nokia was possibly the plan all along to allow Microsoft to fast track into the mobile arena.
Nokia as a company is now said to be concentrating on mapping and wireless networks.