Microsoft Buys Nokia

[Steven Bogos]

Microsoft Buys Nokia

In a $7.2 billion deal, Microsoft will buy out Nokia's smartphone division.

Microsoft boss Steve Ballmer has announced via a staff e-mail that the technological giant responsible for Windows and the Xbox is set to acquire Nokia's Devices and Services business, as well as license the companies patents and mapping services. EUR 5.44 billion ($7.2 billion USD) will change hands, and current Nokia CEO Stephen Elop will become Microsoft's new executive VP of Devices and Services.

What makes this deal particularly interesting is that Elop had actually worked for Microsoft's business division from 2008-2010, before going on to become the first non-Finn CEO of the Finland-based Nokia corporation. 32,000 other Nokia staff will also transition to new positions at Microsoft.

"It's a bold step into the future - a win-win for employees, shareholders and consumers of both companies," commented Ballmer. "Bringing these great teams together will accelerate Microsoft's share and profits in phones, and strengthen the overall opportunities for both Microsoft and our partners across our entire family of devices and services."

Nokia and Microsoft have already been working together for more than two years, and partnered to produce the Lumia brand of phones, as well as Nokia being Microsoft's biggest hardware partner on the Windows Phone 8. In this deal, Microsoft will acquire Nokia's Smart Devices division, which includes the Lumia brand.

Julie Larson-Green will continue to oversee the Devices and Studios team at Microsoft, including the impending launch of the Xbox One.

Balmer claims that the move will not, however, lock other potential hardware manufactures out of the Windows Phone platform.

Source: Gamesindustry.biz [http://www.gamesindustry.biz/articles/2013-09-03-microsoft-buys-nokias-devices-and-services-business-for-USD7-2-billion]

Permalink

 

[Evil Smurf]

I thought this had all ready happened. I'm thinking of something different ar'n't I. Anyway, this a good move for Microsoft.

 

[Guffe]

I thought this had all ready happened. I'm thinking of something different ar'n't I.

Not really, last time Nokia got a new Director or President or... well last time they changed the highest dude in office for Nokia was this Elop dude who was some sort of big shot for Microsoft. So this has been predicted for a longer period of time already.
And now it happened. And the Nokia Stocks rose with almost 50% in worth, in the first 30 minutes after the deal was done.

As for my view on the thing.
I guess it's a good move for Nokia but as a Finn I am not too happy with it.
4 years ago, before Elop took charge, Nokia was 4% of the Finnish BNP, 2 years ago it was only 0,5%, and now it will most likely get even lower. So Nokia pretty much WAS a Finnish giant, now we only have angry birds anymore -.-

 

[Kyber]

I thought this had all ready happened. I'm thinking of something different ar'n't I.

Not really, last time Nokia got a new Director or President or... well last time they changed the highest dude in office for Nokia was this Elop dude who was some sort of big shot for Microsoft. So this has been predicted for a longer period of time already.
And now it happened. And the Nokia Stocks rose with almost 50% in worth, in the first 30 minutes after the deal was done.

As for my view on the thing.
I guess it's a good move for Nokia but as a Finn I am not too happy with it.
4 years ago, before Elop took charge, Nokia was 4% of the Finnish BNP, 2 years ago it was only 0,5%, and now it will most likely get even lower. So Nokia pretty much WAS a Finnish giant, now we only have angry birds anymore -.-

Don't worry, we still have saunas. And the drinking. And the high depression and suicide rates.

 

[Guffe]

I thought this had all ready happened. I'm thinking of something different ar'n't I.

Not really, last time Nokia got a new Director or President or... well last time they changed the highest dude in office for Nokia was this Elop dude who was some sort of big shot for Microsoft. So this has been predicted for a longer period of time already.
And now it happened. And the Nokia Stocks rose with almost 50% in worth, in the first 30 minutes after the deal was done.

As for my view on the thing.
I guess it's a good move for Nokia but as a Finn I am not too happy with it.
4 years ago, before Elop took charge, Nokia was 4% of the Finnish BNP, 2 years ago it was only 0,5%, and now it will most likely get even lower. So Nokia pretty much WAS a Finnish giant, now we only have angry birds anymore -.-

Don't worry, we still have saunas. And the drinking. And the high depression and suicide rates.

Yeah true....
But I am afraid soon enough our national clothing will be everyone dressed up in fluffy bird and pig suits :/
Also make that drinking, both alcohol and coffee

 

[Smooth Operator]

Got to love that picture, Balmer looks happy as balls and the Nokia guy looks like he just lost his soul to the devil.

Good move for MS tho, the only way anyone will ever buy their phones is under a completely separate name.

 

[BloodRed Pixel]

Microsoft Buys Nokia

EUR 3.79 billion ($7.2 billion USD) will change hands

in this part of the reality 3.79b? equals more like 5.01b$,
or 7.2b$ come around as 5.45b?.

 

[Kyber]

I thought this had all ready happened. I'm thinking of something different ar'n't I.

Not really, last time Nokia got a new Director or President or... well last time they changed the highest dude in office for Nokia was this Elop dude who was some sort of big shot for Microsoft. So this has been predicted for a longer period of time already.
And now it happened. And the Nokia Stocks rose with almost 50% in worth, in the first 30 minutes after the deal was done.

As for my view on the thing.
I guess it's a good move for Nokia but as a Finn I am not too happy with it.
4 years ago, before Elop took charge, Nokia was 4% of the Finnish BNP, 2 years ago it was only 0,5%, and now it will most likely get even lower. So Nokia pretty much WAS a Finnish giant, now we only have angry birds anymore -.-

Don't worry, we still have saunas. And the drinking. And the high depression and suicide rates.

Yeah true....
But I am afraid soon enough our national clothing will be everyone dressed up in fluffy bird and pig suits :/
Also make that drinking, both alcohol and coffee

Worst thing is, I despise Angry Birds. The amount of stupid merchandise is astounding.

 

[J Tyran]

This knocks all those rumours of Microsoft completely ditching devices on the head then, some investors might not be happy with that after all the calls to focus on software and only deal with hardware through third parties.

 

[Guffe]

I thought this had all ready happened. I'm thinking of something different ar'n't I.

Not really, last time Nokia got a new Director or President or... well last time they changed the highest dude in office for Nokia was this Elop dude who was some sort of big shot for Microsoft. So this has been predicted for a longer period of time already.
And now it happened. And the Nokia Stocks rose with almost 50% in worth, in the first 30 minutes after the deal was done.

As for my view on the thing.
I guess it's a good move for Nokia but as a Finn I am not too happy with it.
4 years ago, before Elop took charge, Nokia was 4% of the Finnish BNP, 2 years ago it was only 0,5%, and now it will most likely get even lower. So Nokia pretty much WAS a Finnish giant, now we only have angry birds anymore -.-

Don't worry, we still have saunas. And the drinking. And the high depression and suicide rates.

Yeah true....
But I am afraid soon enough our national clothing will be everyone dressed up in fluffy bird and pig suits :/
Also make that drinking, both alcohol and coffee

Worst thing is, I despise Angry Birds. The amount of stupid merchandise is astounding.

Also this will be one the biggest changes in Finland...

 

[Norrdicus]

Worst thing is, I despise Angry Birds. The amount of stupid merchandise is astounding.

Yeah no kidding. Angry Birds brand coffe? What the bloody hell?

Got to love that picture, Balmer looks happy as balls and the Nokia guy looks like he just lost his soul to the devil.

Good move for MS tho, the only way anyone will ever buy their phones is under a completely separate name.

That's just Elop. If he didn't have that look when he drove the stocks to the ground, he did when they abandoned the promising MeeGo project in favor of Windows

 

[Steven Bogos]

Microsoft Buys Nokia

EUR 3.79 billion ($7.2 billion USD) will change hands

in this part of the reality 3.79b? equals more like 5.01b$,
or 7.2b$ come around as 5.45b?.

my mistake, got my numbers wrong

 

[Nurb]

great, less competition

 

[ShipofFools]

At some point, will there be only like one or two multinationals left that own everything?

 

[Gordon_4_v1legacy]

great, less competition

Well Nokia's own attempts at a touch screen UI all proved disastrous so they could do worse than an exclusive deal with Microsoft. And the Windows 7 Phone interface is pretty good.

 

[Mr.Mattress]

At some point, will there be only like one or two multinationals left that own everything?

Not if current Anti-Monopoly laws stay in place. There is a lot of paper work involved in absorbing a very large company to make sure you can't be sued for making a "Monopoly": Disney had to go through it and meet with the Agency that deals with those laws in order to acquire Lucasarts. Odds are, Microsoft (Which at one point was broken up because they were a Monopoly) had to do the same thing. And Anti-Monopoly laws are much harder in other nations then our own, so there's that.

OT: Meh, I don't buy Nokia phones. I buy iPhones. Doesn't affect me in the slightest.

 

[RicoADF]

Eh Nokia has been dead to me since they jumped in bed with Microsoft. Still this is an example of why more countries need laws like Japan that ban foreign (read: American) companies from taking everything over under one nation.

 

[Tastum]

At some point, will there be only like one or two multinationals left that own everything?

Eh, I don't really think this really hurts competition. Nokia doesn't have so much market share stateside, and Microsoft, for all its attempts to get a handle on the phone market, doesn't have much at all. If anything, I'd think this would help competition, as the measly 2.5% market share Windows Phone has is dwarfed by Apple and Google's offerings, and they could use a competitive nudge - maybe Google would stop doing such silly things as not offering SD slots on their own devices if they had some serious competition that didn't cost $600.

Still, I'm not a fan of what Microsoft has done lately, so they'd have to step things up if they really want to get in on the phone and tablet market. That's just my opinion though.

 

[masticina]

Wait it wasn't sold yet to Microsoft. Wow.. guess a marriage between cousins is only truly a marriage once the paper is signed .

Lets be fair by now nokia missed the nexus boat. So what is left, something broken as windows mobile?

Microsoft HAS to invest in things as their own products are getting worse and worse. Their own pool is stagnant and an once rising start now is like a tired bull seeing it all fall down. It needs new blood and being big as it is, it seems to feel that the one way to get that is by buying up other companies.

But that only is like a short term blood transfusion. Maybe in 20 years we will have a small left over company of microsoft. Far from as rich and able as it is now.. just living on a few left over products as the world has moved on. Vestiges...

Quite a few big names in the software world are nowadays like that.. old dead stars. They still live but not by much! 2 or 3 entrenched products that as long as such won't be replaced.. they are safe. Brown Stars. We are seeing a company going into a red giant stage.

 

[kasperbbs]

Last nokia phone i had was 3410, and the rest either looked horrible or lacked features for their price so i lost all interest in their phones, hopefully that will change some day.