Microsoft morphs into a hardware giant with Nokia deal completion

Microsoft is no longer just a software giant, it’s now a hardware giant.

Nearly eight months after its original announcement, Microsoft has completed its deal to purchase Nokia's devices and services unit today. Microsoft will pay €3.79 billion for Nokia's phone making business, plus another €1.65 billion to license its portfolio of patents. That's a total of around €5.44 billion (around $7.2 billion), a lot less than the $8.5 billion Microsoft paid for Skype back in 2011. Nokia expects the total transaction price will be "slightly higher," and the company plans to provide full details next week during its financial results. The deal sees Microsoft take control of more than 90 percent of all Windows Phones with Nokia's Lumia lineup, and...

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