Microsoft Buys Nokia’s Technology, Possibly Their CEO

Microsoft shelled out over $7 billion in straight cash money to pick up Nokia’s key business units and patents, announcing the deal late Monday night.

What does it all mean?  First off, some lawyers and accountants probably had a less-than-fun Labor Day Weekend going through all the details of a massive merger.   But more important for Microsoft, it brings the main producer of mobile devices using the Windows Phone operating system in house.  Microsoft hopes having everything under one roof will give the company the agility to expand its 3.5% share of the United States smartphone market.

Microsoft may be buying more than just phones, too.  Coming less than two weeks after Microsoft CEO Steve Ballmer announced his eventual retirement, Nokia CEO (and former Microsoft executive) Stephen Elop is heavily rumored to be next in line for the top spot in Redmond.

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