Microsoft takes control of Nokia's phone business as Microsoft Mobile Oy
Microsoft takes control of Nokia's phone business and acquires 25,000 new employees Summary: It's official as of today, April 25: Nokia's Devices and Services business is now owned by Microsoft. Microsoft Mobile Oy Microsoft Mobile Oy is now the subsidiary of Microsoft responsible for Lumia, Asha and Android-based Nokia X phones, and other unspecified devices. The new name and status is the culmination of Microsoft's acquisition of Nokia's handset business, which cost Redmond $5 billion (plus another $2 billion for a 10-year associated patent-licensing agreement). Microsoft Mobile Oy is now part of the Microsoft Devices Group headed by Executive Vice President Stephen Elop. The Mobile Devices Group is now responsible for Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Surface, Perceptive Pixel (PPI) products, and accessories. Under the patent piece of the deal, Microsoft acquired 8,500 design patents covering phone manuf...