After many weeks of speculations, Nokia and Microsoft finally announced minutes ago that the 2 companies are entering a strategic partnership "to build a new global mobile ecosystem."
Nokia has been struggling to keep up with the exploding smartphone market in the past years, and it was clear that something needed to be done.
MeeGo, Nokia's latest bet at replacing its aging Symbian system with a new, open sourced, Linux-based OS, has been in development since 2010, but no phones running this OS have been released by the company yet.
In an effort to regain market share, Nokia had to pick - either join forces with Android, a giant growing at incredible speeds, or side with the newcomer - Windows Phone 7 from Microsoft, a company Nokia can trust (their current CEO, Stephen Elop, spent almost 3 years as a Microsoft VP of BizDev).