BREAKING: Microsoft to purchase Nokia’s devices & services business, license patents & mapping services for €5.44 billion in cash.

[NiKKoM]

kowenicki said:

NiKKoM said:
Strange deal.. MS Buys the lumia name but can't use "Nokia".. There will never be a Nokia device in the future..
Its also a cheap deal cause MS isn't buying the Nokia patents.. It only lisences it.. I can understand they want a firmer grip on Windows Phone but still to get those sales from 30 million smartphones to 50 million to break even isn't easy..

they have a ten year deal to use the Nokia name.

Partialy..... they can't use the Nokia name on Smartphones only on feature phones.. MS did aquire the Lumia name..

Under the terms of Microsoft's $7.2 billion acquisition of Nokia's devices and services division, the "Asha" and "Lumia" trademarks will transfer to Redmond, but the "Nokia" mark will remain property of the Finnish company, and may only be used on featurephones under a 10-year license agreement. That means any future Windows Phones built by the newest division of Microsoft will be Microsoft-branded — and that Nokia has said its goodbyes to a smartphone market it once helped to create.

http://www.theverge.com/2013/9/3/4688888/there-will-never-be-another-nokia-smartphone