Microsoft Acquires Nokia for RM24.43 Billion

microsoft acquires nokia

It’s about time this happens. We are pretty sure things were pretty awkward for Microsoft and Nokia when they partner up for the operating system as once the Symbian and Windows were somehow competing with each other.

Just recently, the Billion Dollar tech company, Microsoft, has announced that they have successfully acquired Nokia with a jaw dropping EUR 5.44 Billion (RM24.43 Billion). This acquisition also includes the devices and the services business. 

nokia stephen elop steps down

This whole acquisition and moving thing is expected to be complete at the end of 2014 and all the 32,000 personnels of Nokia will also be transferred to work with Microsoft.  On the other side, Nokia’s President and CEO, Stephen Elop, is stepping down to become the new Executive Vice President for Devices and Services department. The new CEO position for Nokia is currently filled by the Chairman of Nokia Board of Directors, Risto Siilasmaa.