Did Microsoft Take Over Nokia?
In September 2013, Microsoft announced its acquisition of Nokia's devices and services businesses, which closed with the formation of a Finnish subsidiary, Microsoft Mobile. On smartphones, the Nokia name was phased out in favour of Microsoft branding on future Lumia products.
Did Microsoft buy Nokia completely?
Microsoft in 2014 completed the acquisition of Nokia's smartphone business, a move the company hoped would provide a jolt to the Windows Phone division.
What happened with Microsoft and Nokia?
In 2013, Microsoft paid over $7 billion for Nokia's handset business in an ill-fated attempt to provide a third alternative to iPhone and Android handsets with Windows Phone. It failed miserably, with the purchased assets from Nokia written off in 2015, resulting in thousands of job losses.
Who bought over Nokia?
Today marks the anniversary of Microsoft buying Nokia's phone unit in 2013, in a deal valued at €5.4 billion (over $7 billion) at the time. It was a major moment in mobile history, as Nokia was a pioneer in the industry and the acquisition gave Microsoft access to a ton of related patents and expertise.
Why did Nokia sell to Microsoft?
Essentially, by giving customers a good Windows experience via their phones, Microsoft are more likely to keep people using their software in other devices. This was made clear in a 'strategic rationale' Microsoft released to investors after the acquisition.