This morning, Microsoft finalized a deal to acquire Nokia for around $7.2 Billion. According to reports in the deal, Nokia will be used more so for hardware. Also in the deal there will not be any new smartphones coming from the Nokia brand until 2015. Nokia will still however, continue to sell under its name in emerging markets. This is a huge deal for Microsoft to grow in the smartphone market and to compete with Apple’s iPhone and Blackberry.
