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

[the2real4mafol]

kowenicki said:

the2real4mafol said:
A sad day, one of the biggest European companies being bought out by a American giant. If every company bought others out like Microsoft does, there would be very little competition left in the end. It's sad because Nokia always tried to do more innovations with their phones and always had the best value.

Its not THAT big (not top 100 in Fortune list) and it isnt being bought out.

Its just the handset part.

All big companies do buy up smaller companies.  It happens all the time.  It also happens the other way around, plenty of European or other companies buy up American companies.

I meant one of the more famous companies in Europe then. Everyone knew about Nokia and their mobiles, they may have gone down hill in recent years but it just seems strange that they won't even make phones anymore. I can't even think of what else Nokia sold except mobiles. 

And i know buy outs happen alot but for some reason i never imagined Nokia (well some of it) being bought out. I guess we are getting a Surface phone now then?