Goodbye Nokia. Hello new Microsoft CEO?

Barney is prettier and more purple.

Nokia and Microsoft merge

Microsoft (NASDAQ:MSFT) is buying Nokia (HEL:NOK1V) (NYSE:NOK), or at least the bits that we care about. For $7.17 billion, it'll get the phone-maker business, plus patent licenses. Oh, and Nokia CEO Stephen Elop returns to the Redmond fold, possibly to take over as CEO of Microsoft.

In IT Blogwatch, bloggers wonder why it took so long. Not to mention: Daft Punk's Get Lucky, as you've never heard it before...

Your humble blogwatcher curated these bloggy bits for your entertainment.

First, we turn to John Ribeiro:

Microsoft is to acquire Nokia's Devices & Services business. [It] will pay €3.79 billion for "substantially all" of the...business and €1.65 billion to license Nokia's patents. ... Nokia plans to focus on its network infrastructure and services business, [its] mapping and location services...technology development and licensing.

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[Nokia] will continue to have its headquarters in Finland. About 32,000 people are expected to transfer to Microsoft. ... Nokia will give Microsoft a 10 year non-exclusive license to its patents [with] the option to extend the mutual patent agreement to perpetuity.

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Microsoft's getting into selling smartphones and feature phones may not go down well with some of its hardware partners.  MORE

What does it all mean, Mary Jo Foley?

Timing [is] key. ... Just look what's happened in the past few weeks:

July 11: Microsoft announces a sweeping internal reorg. ...

August 23: Microsoft announces CEO Steve Ballmer will be retiring. ...

August 30: Microsoft clears the way for investment fund ValueAct to join its board.

September 3: Microsoft buys Nokia's handset unit.

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What's next? Some think it should be a break-up of Microsoft into at least two separate companies. ... ValueAct officials haven't said explicitly that they think Microsoft should exit the devices and consumer markets, but the implication is definitely there.

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Adding Nokia to the Microsoft mix could make it a lot more difficult to justify carving up Microsoft. [But] maybe the Nokia buy makes it easier to envision. ... Maybe Elop -- who seemingly is now a confirmed internal candidate for the Microsoft CEO job -- ends up as CEO of Microsoft Devices.  MORE

If so, Preston Gralla has this advice for Elop:

Microsoft needs to finally end its reliance on Windows. ...a new CEO should...release versions of Office for Android tablets and the iPad as quickly as possible. ... Microsoft is forgoing serious revenue by not releasing versions of Office for Android and the iPad [and] it would fend off the challenge from Google Docs and Google Apps.

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Windows 8 is another example of Microsoft relying too heavily on Windows, and flailing as a result. ... Microsoft should start from scratch and design an operating system designed solely for tablets.  MORE

Steve Ballmer and Stephen Elop elope: [You're fired -Ed.]

Nokia has an identity spanning 150 years...which began and will continue in Finland. ... From humble beginnings as a paper mill factory, to manufacturing rubber boots and car tires, and then to mobile phones.

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For Microsoft as well, today is a bold step into the future...of creating a family of devices and services that delight people and empower businesses.  MORE

Whatever. Your humble blogwatcher can't help saying "I told you so": [But that was 20 months ago! -Ed.]

Microsoft is in talks to buy Nokia, or at least buy its smartphone division.

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The rumor comes by way of Eldar Murtazin...a Russian industry analyst. ... Murtazin's track record is quite sound.  MORE

Amazingly, Elop is still saying [ˈnokiɑ] wrong: [Would you like a fresh whip for that deceased equus? -Ed.]

The CEO [can't] pronounce the name of his company correctly.

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After 2.5 years, he's still getting it wrong. This video captured at a meeting actually in Finland.  MORE

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