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Microsoft acquires Nokia division
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Microsoft acquires Nokia’s devices division for $7.2 billionMicrosoft suddenly announced that it would acquire the hardware equipment and services division, including mobile phones, from the Finnish company for 5.44 billion euros, equivalent to 7.2 billion dollars.Unforgettable moments about Microsoft CEONokia – a giant struggling on cold water5 big mistakes push Nokia close to the abyssThis deal is expected to be completed in the first half of 2014 and is supported by Nokia shareholders. The $7.2 billion figure (including $2.1 billion for patents) is not the highest price Microsoft has invested in a purchase. This company used to spend more than 8 billion USD to buy Skype.“This is an important step towards the future, benefiting all employees, shareholders and customers of both companies,” said Steve Ballmer, Microsoft’s impending CEO.Nokia and Microsoft have partnered to bring Windows Phone operating system to Nokia’s Lumia products since 2011. Stephen Elop, CEO of Nokia, was also a senior leader of the US software corporation. Therefore, as soon as Elop came to the Finnish company, many rumors appeared that this character was only here to learn and “valuate” Nokia. The technology world is also “constantly talking” that Microsoft on the one hand shakes hands with Nokia, on the other hand, waiting for this company to weaken so that it can be acquired at the cheapest price.
As early as June, the Wall Street Journal reported that Microsoft “nearly acquired Nokia’s phone division”. On August 23, Steve Ballmer, CEO of Microsoft, announced his retirement within the next 12 months. Some analysts believe that the world’s number one software corporation is clearing the way to welcome Stephen Elop back and make him CEO.
This prediction can come true when Nokia has just announced that Elop is no longer the CEO of this company and currently holds the position of Vice President in charge of the device – services division and will return to Microsoft after the merger ends. .
Nokia President Risto Siilasmaa will temporarily hold the position of General Director of the Finnish company while a series of generals such as Jo Harlow, Chris Weber, Juha Putkiranta, Timo Toikkanen and 32,000 employees (including 18,300 people working directly in the companies) production line) will follow Elop to Microsoft.
As of the end of 2012, Nokia had a total of 101,982 employees in 120 countries and territories. Besides making mobile phones and other handheld devices, Nokia also provides services such as applications, games, music, messaging, digital maps, etc. In addition, Nokia also owns the company. specializes in providing telecommunications network equipment and services. With the device division in the hands of Microsoft, Nokia is now a relatively small company, focusing on three main areas: NSN (network infrastructure), HERE (maps), research and development of advanced technology. advanced Advanced Technologies.
The Finnish company will still own and maintain the Nokia brand, while Microsoft has signed a 10-year agreement to use the Nokia brand on existing phones.
Chau An
