Nokia Bought By Microsoft in $ 7.2 Billion

Nokia is no more , Microsoft to acquire Nokia's Devices & Services business in 5.44 billion euros deal.

Once the dominant world leader in handset business but later lost to Apple and Samsung in demanding smartphone market.

Nokia's Canadian boss Stephen Elop, who ran Microsoft's business software division before jumping to Nokia in 2010, will now return to the U.S. firm as head of its mobile devices business.