💡 What Happened With Microsoft And Nokia? - Clever.net

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.

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 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

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