Nokia Now Officially Owned by Microsoft

Nokia CEO Stephen Elop and Microsoft CEO Steve Ballmer announce plans for a broad strategic partnership to build a new global mobile ecosystem at a press conference in London, UK February 11, 2011. Nokia and Microsoft plan to form a broad strategic partne

That headline will probably inspire many a ‘what? I thought Nokia was already owned by Microsoft?’ exclamations, but as it turns out, that wasn’t the case. Huge mergers between a once popular Finnish electronics giant and a technology every-man that’s looking to make as big a splash as possible in the mobile market (with its Windows mobile operating system) was always going to take time, especially when big money’s involved. That’s why it’s taken the two companies since September to finalise the deal – the cost of the purchase is said to be just over $7 billion – which is no small chunk of change to move around.

Microsoft CEO, Satya Nadella had this to say,

“Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities and assets they bring will advance our transformation. Together with our partners, we remain focused on delivering innovation more rapidly in our mobile-first, cloud-first world.”

While former Nokia CEO (and current Head of Microsoft’s Hardware Department), Stephen Elop said this,

“As Microsoft and Nokia Devices and Services come together as an expanded family, we will unify our passion, dedication and commitment to bringing you the best of what our joint technologies have to offer.”

It looks as though the move will very much see Microsoft expand its mobile offerings as it looks to get Windows into the hands of more consumers in a mobile-friendly world, with Nokia’s capability of building solid tablets and smartphones helping a great deal with this. Outside of Microsoft’s Windows sphere however, it seems unlikely that the Redwood, Calif. based company would let their newly purchased Nokia wing branch out into the world of Android too much, despite it looking as though Nokia were going to make a sizeable splash with the Google-owned operating system.

However, as neither party have disclosed their actual plans and this is just speculation until they make some sort of product line announcement, we’ll keep you posted once we know more.

Via engadget.

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