Stephen Elop

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 Stephen Elop, chief executive officer of Nokia,  who ran Microsoft’s business software division before moving to Nokia in 2010, will return to the US firm as head of its mobile devices business.  Photograph: Alexander Zemlianichenko /Bloomberg

Shares in Nokia surged yesterday as news that Microsoft has bought the struggling mobile phone firm buoyed the stock.The €5.4 billion deal covers Noki(...)

Microsoft is buying Nokia’s devices and services business, and getting access to the company’s patents, for a total of ¤5.44 billion in an effort to expand its share of the smartphone market. Photograph: Reuters

Microsoft’s decision to buy the handset division of Nokia has been greeted in all sorts of different ways, depending on the analyst you speak to. Ever(...)

 Nokia struggled to stay relevant against fleet-footed technology rivals. Photograph: Paul Thomas/Bloomberg
Nokia timeline

We track the mobile phone giant’s rise around the world and subsequent fall.1865: Mining engineer Fredrik Idestam sets up a wood pulp mill in southwes(...)

Microsoft said today it would buy Nokia’s mobile phone business for €5.4bn. Photograph: Reuters

Shares in Microsoft fell by almost 5 per cent in early morning trading, as the software giant announced it is to acquire Nokia's phone business and(...)

Quarterly sales of Nokia smartphones weaker than expected. Photograph: PA

Weak quarterly sales of Nokia smartphones raised the heat on chief executive Stephen Elop, whose decision to adopt Microsoft’s untested Windows Phone (...)

Nokia chief executive Stephen Elop unveils Nokia’s new smartphone, the Lumia 1020 with a 41-megapixel camera, in New York  Photograph:  REUTERS/Shannon Stapleton

Nokia has unveiled its latest Windows smartphone, featuring a 41 megapixel camera built in. The Lumia 1020, which was launched at an event in New York(...)

Nokia chief executive Stephen Elop recently signalled that there would be no u-turn on its deal with Microsoft, and that the firm had made a “clear committment” to the Windows platform.  Photograph: Anindito Mukherjee/Reuters

Nokia brushed off recent speculation about the future of its deal with Microsoft as it introduced what it described as “the most innovat(...)

Nokia’s chief executive Stephen Elop was told by shareholders that he should reconsider his decision to switch to the phone operating software made by his former employer Microsoft. Photograph: Reuters/Markku Ulander/Lehtikuva

Nokia investors told chief executive Stephen Elop yesterday that they were running out of patience with his flagging attempts to catch up with (...)

Shipments of Nokia mobile phones slumped 21 per cent to 55.8 million units, a far steeper decline than the 8 per cent fall that markets expected, with unit sales down in every region. Photograph: Dave Thompson/PA Wire

A sharp fall in sales of Nokia’s basic phones overshadowed a stronger performance from its Lumia smartphones in the first quarter, rekindling f(...)

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