After all the rumours, speculation and counter-rumours, it has finally come to pass: Nokia is selling its devices and services business to Microsoft for €5.44 billion and will focus on network equipment, mapping and location technology and licensing in future. For Finns, the sale is emotional and marks a new chapter in almost 150 years of Nokia history.
Microsoft announced it will pay around $7.2 billion for Nokia's mobile phones business and a license to its patents and mapping software. Under the agreement, Microsoft will acquire around a third of Nokia's roughly 88,000 employees and much of its Lumia smartphone and Asha feature phone business.
Microsoft is boosting its push for license-exempt dynamic access to radio frequencies by touting a new white paper that compares the economic impact of two approaches to spectrum allocation.
Microsoft Corp. added Time Warner Cable's TWC TV app to its Xbox Live Marketplace, two months after announcing that it was working with the cable MSO to let subscribers stream TV shows and movies through its gaming console.
Will Microsoft continue with its "One Microsoft" strategy that outgoing CEO Steve Ballmer announced just six weeks ago? Or will the company use Ballmer's departure to radically overhaul its business focus, potentially shedding efforts including tablets, smartphones and search?
According to a report from The Verge, Nokia will soon announce a tablet running Microsoft's Windows RT operating system that will sport Nokia's Lumia design. The device, codenamed "Sirius," will feature a 10.1-inch screen, LTE, Qualcomm's Snapdragon 800 processor and pricing similar to Apple's iPad.
Amazon's alleged trials of Globalstar's terrestrial low-power service (TLPS) are part of a process to get a Notice of Proposed Rulemaking quickly issued for the service and also likely signal Amazon's plans for an in-home media hub, according to the blogger who first broke news of the tests.
Microsoft CEO Steve Ballmer will retire within the next 12 months as soon as a successor has been chosen, bringing to an end a 13-year reign at the top of Microsoft in which the company has grown revenues but struggled to make the transition to mobile computing, as rivals Google and Apple have surpassed it in smartphones.
Nokia is currently testing a 6-inch phablet device running the latest Microsoft Windows Phone software with AT&T Mobility, and plans to release the gadget before year-end, according to a report from The Verge.
Samsung Electronics will unveil a smart watch called the Galaxy Gear at a Sept. 4 event ahead of the IFA trade show in Berlin, according to a Bloomberg report.