| SmartPhone News

Nokia: a new interim CEO after the smartphone division goes to Microsoft

Risto Siilasmaa has been the chairman of Nokia’s board since his appointment in May 2012. A Finnish entrepreneur, the founder and chairman of the board of F-Secure, Risto continues to lead Nokia into its next chapter.

Nokia kept secrets from Microsoft over its Windows Phone plans

Microsoft is spending $7.2 billion to acquire Nokia’s devices and services unit in a move that’s focused on the company’s “One Microsoft” plan. Although the pair were already working closely on Windows Phone, it’s clear there are some areas that could be improved. In an interview with CNET, Joe Belfiore — the head of Windows Phone product definition and design — has revealed that Nokia kept secrets from Microsoft.

CEO of Nokia, will be coming over to Microsoft as part of the $7 billion acquisition

Stephen Elop will step aside as CEO of Nokia and return to Microsoft as head of its devices team — this all on the heels of the recent announcement that Steve Ballmer would step down as Microsoft CEO within the next 12 months. According to Ballmer, the deal was in place before the public announcement of his plans to exit the company.

Microsoft is buying Nokia’s smart phone business for $7 billion

Two years after hitching its fate to Microsoft’s Windows Phone software, Nokia collapsed into the arms of the U.S. software giant on Tuesday, agreeing to sell its main handset business for 5.44 billion euros ($7.2 billion). Nokia, once the world’s dominant handset maker, has failed to close a yawning lead opened up by Apple and Samsung in the highly competitive market for smartphones and will now concentrate on its networking equipment unit, navigation business and technology patents.