Microsoft has announced that it is buying Finnish smartphone maker Nokia's Devices and Services unit for US$7.2 billion. The deal will see Microsoft take complete control of Nokia's Devices and Services unit as well as a licensing agreement to access Nokia's mapping services and patents, and the rights to the Lumia and Asha brands. Microsoft announced the news in a press release, saying:
Building on the partnership with Nokia announced in February 2011 and the increasing success of Nokia's Lumia smartphones, Microsoft aims to accelerate the growth of its share and profit in mobile devices through faster innovation, increased synergies, and unified branding and marketing. For Nokia, this tra
