Microsoft to buy Nokia's Mobile Phone Unit

Nokia CEO Stephen Elop and Microsoft CEO Steve Ballmer

There was a time when Nokia was one of the best Cell phone manufacturer out there but with the advent of IOS and Android it failed to compete and was left behind.

Reports are that within next few days Nokia would be handing out there mobile phone business to Microsoft -One of the business giants out there.
Microsoft agreed to pay $7.2 billion and hence the deal was made.
Up-till now Microsoft has been more of a software designer but this might be something different as they would be trying their luck in hardware manufacturing.

The one thing we could expect from this deal is that there would be greater number of Microsoft Windows based Lumia's to be launched.
Let's hope they can get Nokia back into the battle of the  smartphones.