It’s a crazy ploy to triple Windows Phone market share by 2018, but Microsoft is willing and ready. By purchasing Nokia completely from Stephen Elop (who now is also a candidate for CEO of Microsoft), Microsoft will be able to produce its own phones, much like they did produce their own tablet (the Surface).
This was accomplished by paying Nokia a hefty 3.79 billion euros ($4.99 billion) for the business, and 1.65 billion euros ($2.18 billion) for its patent arsenal.
Furthermore, 32,000 people will transfer across Microsoft, including 4,700 people in Finland and 18,300 employees directly involved in product manufacturing, so it’s a complete overhaul. Regulatory approval for both companies is expected in early 2014. And with that, the end of an era called Nokia smartphones, and the beginning — a crazy beginning –to Microsoft’s new business.