Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services.

Under the terms of the agreement, Microsoft will pay EUR 3.79 billion to purchase substantially all of Nokia’s Devices & Services business, and EUR 1.65 billion to license Nokia’s patents, for a total transaction price of EUR 5.44 billion in cash. Microsoft will draw upon its overseas cash resources to fund the transaction…

Samsung Mobile will launch the Galaxy Note II in the U.S. with five major carriers by mid-November. Exact pricing and retail availability will be announced by each of the carriers.

Optimized for the fastest 4G LTE and HSPA+ 42 networks, the Galaxy Note II combines some of the best capabilities of the Galaxy S® III with an enhanced S Pen and new S Pen apps, the processing power to multitask like a PC, with a larger screen yet in a thinner, lighter form factor…