Microsoft has agreed a deal to buy Nokia's
mobile phone business for 5.4bn
euros ($7.2bn; £4.6bn).
The purchase is set, according to BBC, to be
completed in early 2014, when
about 32,000 Nokia employees will transfer to
Microsoft.
While Nokia has struggled against competition
from Samsung and Apple,
Microsoft has been criticised for being slow into
the mobile market.
Describing the deal as a "big, bold step forward",
Microsoft chief executive
Steve Ballmer told the BBC that his company
was in the process of
transforming itself from one that "was known for
software and PCs, to a
company that focuses on devices and services".
Nokia will also license its patents and mapping
services to Microsoft.
Microsoft has also agreed a 10-year licensing
arrangement with Nokia to
use the Nokia brand on current mobile phone
products.
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