Microsoft set to acquire Nokia’s mobile business

The software giant, Microsoft, have set their eyes on massive gains in the mobile market and are set to acquire the much loved Nokia mobile phone division in a huge £4.5billion deal.

It seems obvious that this is a step to compete against Apple with the release of the iPhone 5S and it’s cheaper brother the iPhone 5C coming in the next week or so.

Even though Microsoft and Nokia forged a partnership in 2011, Microsoft is backing itself to compete with the likes of Apple by gaining overall control of how devices make the best use of its software.

The money to buy Nokia’s phone division and numerous patents will be taken from Microsoft’s huge overseas accounts, which as of June 30th was set at nearly $70billion.