What Happened Between Nokia And Microsoft?
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.
What happened to Nokia after Microsoft acquisition?
UPDATED 13:51PM: Microsoft has today (25 April) completed its purchase of Nokia's handset business, with the latter brand also moving to scotch rumours the merged company would cease producing Nokia branded products in favour of “Microsoft Mobile” products.
Microsoft completes Nokia acquisition - Marketing Week
What happened to Nokia and Microsoft in 2013?
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.
Microsoft Mobile - Wikipedia
Why did Microsoft take over Nokia?
Nokia is acquired by Microsoft Cut to - the end of 2013, Microsoft announces the acquisition of all Nokia phone operations for more than 5B euros. It was Microsoft's move to take part in the mobile market after having underestimated it and focused mainly only on its PC business.
Why Microsoft acquired Nokia (and then sold it) - Slidebean
Why did Nokia and Microsoft fail?
Differences in national culture severely affected Microsoft's deal with Nokia. The M&A Synergies Framework identifies the relevant cultural aspects of the Nokia-Microsoft merger and offers insight into what caused the acquisition to fail.
Case Study of a Failed M&A— Introduction to Microsoft's ...