In a spot of breaking late-night surprise news Microsoft buys the Nokia Devices & Services division, together with licenses for Nokia patents and mapping services. The price? A cool €5.44 billion.
The acquisition covers both smartphones and feature phone lines (chiefly the Lumia and Asha series), and sees the transfer of 32000 Nokia employees to Microsoft from design, operations, sales, marketing and support teams.
Nokia retains its myriad patents, but grants Microsoft a 10-year non-exclusive license.
"It's a bold step into the future-- a win-win for employees, shareholders and consumers of both companies," Microsoft CEO Steve Ballmer says. "Bringing these great teams together will accelerate Microsoft's share and profits in phones, and strengthen the overall opportunities for both Microsoft and our partners across our entire family of devices and services."