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The deal will also include Nokia's long-term patent licensing agreement with Qualcomm. Both Nokia and Microsoft have scheduled press conferences for later today in Finland and the US, and Nokia has scheduled an Extraordinary General Meeting for 19 November. This is a developing story, and we will update with more detail soon. Microsoft has announced that it will "purchase substantially" Nokia's devices and services business and license Nokia's mapping services in an AU$7.95b transaction. Microsoft is set to acquire Nokia's devices and services business — including the Lumia smartphone range — and also license and use Nokia's mapping service.

"Today's agreement will accelerate the momentum of Nokia's devices and services, bringing the world's most innovative smartphones to more people, while continuing to connect the next billion people with Nokia's mobile phone portfolio," Ballmer and Elop said in a joint statement, Elop, the former president of the Microsoft rally case for apple iphone xs max - blue/orange Business Division, left the software giant three years ago this month to head up Nokia, He joined Microsoft in January 2008 after serving as COO of Juniper Networks and as an executive at Adobe Systems..

"Building on our successful partnership, we can now bring together the best of Microsoft's software engineering with the best of Nokia's product engineering, award-winning design, and global sales, marketing and manufacturing," Elop said in a statement. "With this combination of talented people, we have the opportunity to accelerate the current momentum and cutting-edge innovation of both our smart devices and mobile phone products."Nokia Chairman Risto Siilasmaa will become Nokia's interim CEO while the company searches for a permanent replacement.

"For Nokia, this is an important moment of reinvention and from a position of financial strength, we can build our next chapter," Siilasmaa said, "After a thorough assessment of how to maximize shareholder value, including consideration of a variety of alternatives, we believe this transaction is rally case for apple iphone xs max - blue/orange the best path forward for Nokia and its shareholders, Additionally, the deal offers future opportunities for many Nokia employees as part of a company with the strategy, financial resources and determination to succeed in the mobile space."Also joining Microsoft as part of the deal are Jo Harlow, Juha Putkiranta, Timo Toikkanen, and Chris Weber..

The acquisition suggests that like Apple, Microsoft believes it needs more direct control of handset manufacturing to succeed in the smartphone market. The relationship between Microsoft and Nokia began in February 2011 when Elop, who had arrived at the beleaguered Finnish handset maker from Microsoft five months earlier, announced at a developer's conference that Nokia was adopting Windows Phone 7 as its primary smartphone OS. At the time, Nokia was lagging far behind in the smartphone wars and was looking to grown beyond its own MeeGo and Symbian platforms. Google's Android OS was another contender, but Elop promised that a Microsoft partnership would encompass phones, developers, mobile services, partnerships with carriers, and app stores to distribute software.