Microsoft buys Nokia for $7.2 billion

Yes guys, Its now Microsoft who is owning Nokia.

Microsoft buys Nokia for $7.2 billion.

Beleaguered Finnish company Nokia announced on Tuesday the sale of its mobile phone unit to Microsoft for 5.44 billion euros ($7.17 billion), bringing an end to its days as a phone maker.

Nokia will grant the US software giant a 10-year non-exclusive license to its patents and will itself focus on network infrastructure and services, which it called “the best path forward for Nokia and its shareholders.”

The "Asha" and "Lumia" trademarks will transfer to Redmond, but the "Nokia" mark will remain property of the Finnish company. But in future the mobiles with windows OS will be branded as Microsoft mobile.

Nokia company said good bye to its smart mobile division. But its a sad news for me.. Always a Nokia Lover..!!

Side by : Micromax giving Samsung a run for its money,says :Report Samsung's share fell to 26 percent while home-grown manufacturer Micromax continues to strengthen its number two position with a 22 percent market share.