What Has Microsoft Done 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.
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.
Microsoft Mobile - Wikipedia
What happened between Microsoft and Nokia in 2017?
Nokia is launching a new phones section on its site today, marking the return of Nokia-branded smartphones and tablets after Microsoft acquired its phone business and killed off the Nokia brand in favor of Lumia for smartphones.
Nokia's phones return with Android in early 2017 - The Verge
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 want to takeover Nokia?
Microsoft had been looking for a way to enter the mobile phone industry to better compete with Apple and Google. In acquiring Nokia's services and devices unit, Microsoft took control of Nokia's mobile phones and smart devices, design team, licensing agreements, and approximately 32,000 new employees.
Case Study of a Failed M&A— Introduction to Microsoft's ...