Just yesterday,
But those in the Finnish tech industry seem to be less than pleased.
"As a Finnish person, I cannot like this deal." Danske Capital Senior Portfolio Manager Juha Varis told Reuters. "On the other hand, it was maybe the last opportunity to sell it."
Varis later said the deal was worth peanuts compared to Nokia's history.
Here's another reaction, via Finland's Minister for European Affairs and Foreign Trade's Twitter account:
For a lot of us Finns, including myself, #Nokia phones are part of what we grew up with. Many first reactions to the deal will be emotional.
- Alexander Stubb (@alexstubb) September 3, 2013
Though, others in Finland see it as a major turning point for mobile.
"Today was a significant milestone for mobile industry," Jolla CEO Tomi Pienimaki said in a statement to Business Insider. "Something new will also come from this, many of it good. Finnish mobile industry has huge amount of talent and know- how."
Pienimaki joined Jolla, a Finnish smartphone company that spun out of Nokia, in May of this year.
"This know-how will inevitably transfer into new business in the mobile field," Pienimaki said. "Jolla is one example of successful transformation. We are proud to continue the legendary mobile industry tradition Nokia once started in Finland."
Nokia originated in Finland in 1865, originally as a set of paper, rubber and cable companies. It has long been one of the golden children of the tech industry in the Nordic country.
In the last few years, Microsoft's involvement with Nokia has not always fared well for the Finnish company.
Since former Microsoft executive Stephen Elop left the company to run Nokia in 2010, both Nokia's market share and share price collapsed.
In 2011, Elop decided to make a bet on Windows Phone software, and ditch Nokia's own software. At the time, a lot of people were dumbfounded as to why Elop would choose Windows Phone over Nokia or Google's Android software.
Today, Nokia holds about 15% of the handset market, and just 3% of the smartphone market.