What Did Microsoft Do With Nokia?
In 2016, Microsoft sold the Nokia smartphone business for $350 million to a subsidiary of Hon Hai/Foxconn Technology Group and HMD Global, led by former Nokia and Microsoft mobile executives. HMD has an exclusive license to use the Nokia brand on mobile phones and tablets.
Does Nokia still belong to Microsoft?
The acquisition of Nokia's mobile phone business by Microsoft was closed on 25 April 2014 for "slightly more" than the originally stated €5.44 billion. Nokia's mobile phone assets became a part of Microsoft Mobile, a new subsidiary of Microsoft based in Finland.
Microsoft Mobile - Wikipedia
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.
Microsoft In The Frame To Buy Nokia (Again), Analysts Forecast
Microsoft was unable to give a proper valuation of the assets it acquired from the merger. It overvalued the expected benefits it will get from the M & A of Nokia. 5. The merger failed to convince developers in producing software and applications for the Microsoft smartphone products which runs entirely on Windows OS.
Factors for failure of Microsoft-Nokia merger - Academia.edu
Why did Microsoft merge with Nokia?
It was kind of a lifesaver for Nokia but it was also Microsoft's big bet on entering the feature phone game, to deliver both software and hardware. The challenge was a huge puzzle for Microsoft and it needed to be figured out quickly, as the competition of iOS and Android became ruthless.
Why Microsoft acquired Nokia (and then sold it) - Slidebean