Microsoft to buy Nokia phone unit for 7.2 billion
Microsoft agrees to acquire Nokia Corp mobile phones, patents, and services for 7.2 billion dollars. The move aims to boost Windows software across smartphones and tablets, despite analyst doubts about strategic impact and post PC era innovation. Steven Ballmer spoke at Nokia’s Finland headquarters announcing the deal.
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Kodak exits Chapter 11 and restructures as commercial imaging firm
Kodak says it has finished restructuring and exited Chapter 11, now a commercial imaging company serving packaging and graphics. Antonio Perez says the company is on track for profitable growth after selling businesses and patents and shuttering the camera unit. Creditors receive shares in the reorganized firm and old stock is canceled. In New York the Kit Kat brand is chosen for Android 4.4 packaging signaling a cross promotion at Google.
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Kodak
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