# Nokia sells phone business to Microsoft (3 September 2013)

URL: https://allhistories.com/finland/timeline/2013-nokia-sells-phone-business-to-microsoft
Location: Espoo
Themes: Key Events

Nokia announced on 3 September 2013 that it would sell its Devices and Services division to Microsoft for about €5.4 billion. The deal closed in April 2014. Nokia refocused on network equipment. The decline of Nokia phones contributed to economic stagnation in Finland.

## Why it matters
The sale ended an era of Finnish dominance in mobile phones.

Ruler at the Time: [Sauli Niinistö](https://allhistories.com/finland/rulers/sauli-niinisto)

Prime Minister of Finland: Jyrki Katainen (National Coalition Party)

## Sources
- [Wikipedia — Nokia](https://en.wikipedia.org/wiki/Nokia)
- [Wikipedia — Microsoft Mobile](https://en.wikipedia.org/wiki/Microsoft_Mobile)
- [EU Era & Modern Finland (period overview)](https://finland.fi/life-society/main-outlines-of-finnish-history/)