Microsoft will acquire Nokia’s devices & services business, license Nokia’s patents and mapping services

#Microsoft will acquire #Nokia's devices and services unit and license the company's mapping services in a deal worth EUR 5.44 billion ($7.2 billion) in a bid to bolster the company's position in the#smartphone market.

http://www.microsoft.com/en-us/news/press/2013/Sep13/09-02AnnouncementPR.aspx