What Happened To Nokia After Microsoft Acquisition?
In 2016, Microsoft Mobile announced the sale of its feature phone business to the Finnish HMD Global and FIH Mobile. The sale included design rights and its rights to use the Nokia brand on all types of mobile phones and tablets worldwide until 2024.
Did Microsoft destroy Nokia?
Nokia's long phone history came to an end after the company was purchased by Microsoft. However, the brand had been slowly dying for years. Nokia died not long after its acquisition by Microsoft, although the brand and mobile platform was already heading that way.
How Nokia Died So Quickly After Microsoft's Acquisition
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.
Microsoft and Nokia reunite for new alliance, 5 years after ...
What happened to Nokia after Microsoft?
After Microsoft sold off the Nokia branding rights to HMD Global, HMD ended up working with Elop after the Canadian joined Australian carrier Telstra in 2016.
There's a crazy conspiracy theory about the Nokia/Microsoft deal
Why did Microsoft and Nokia acquisition fail?
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