Why Did Microsoft Acquire Nokia?
On 3 September 2013, Microsoft CEO Steve Ballmer announced that Microsoft would acquire Nokia's mobile phone division for $7.2 billion. Microsoft had been looking for a way to enter the mobile phone industry to better compete with Apple and Google.
How did Microsoft acquire Nokia?
2013–2014: Acquisition of Nokia's mobile phone business On 2 September 2013, Microsoft announced that it would acquire Nokia's mobile device business in a deal worth €3.79 billion, along with another €1.65 billion to license Nokia's portfolio of patents for 10 years; a deal totaling over €5.4 billion.
Microsoft Mobile - Wikipedia
What happened after Microsoft bought 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 failed $7B ...
When did Microsoft buy 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.
Microsoft In The Frame To Buy Nokia (Again), Analysts Forecast
Why did Microsoft acquisition of 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