Nokia sold to Microsoft for ~$1.5 billion less than what Skype was sold for
It is $7.17 http://allthingsd.com/20130902/microsoft-to-buy-nokias-devic...
But still less than $8.5 paid for Skype. (Which I think is total waste of money)
Nokia acquired by Microsoft
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Re: Nokia acquired by Microsoft
#82Wow. So he kept nokia stagnant while samsung and apple exploded in the smartphone market and now he gets to be CEO of another company thats been stagnant for years(he was already passed up for being CEO at MSFT before he left to nokia). I guess microsoft's strategy is to keep chasing after the devices market.
I'm not sure what world your on. Elop would not have been in the running as CEO of Microsoft. I don't believe he would have had enough experience at that time. Was there anybody other than Ballmer and ray Ozzie epwho would have been considered. He's actually brought Nokia back from the brink and kept a sinking ship somewhat afloat, in my opinion. At the same time, I don't think he is enough of a visionary to lead Mic…
> He's actually brought Nokia back from the brink and kept a sinking ship somewhat afloat, in my opinion. At the same time, I don't think he is enough of a visionary to lead Microsoft.
I share the same opinion. I think Elop cops a lot of flak from mobile enthusiasts, but the Nokia he took over had a lot of downward inertia that he needed to overcome and their new devices are actually pretty nice. They might never catch up (although I hope they do) on the ecosystem front. I believe that Nokia + Android and/or Nokia + Maemo were untenable, especially given the internal software politics Nokia was known to suffer.
Re: Nokia acquired by Microsoft
#83Well, at least Qt got warp-core ejected before all of this. God only knows what would have happened in this transaction.
Re: Nokia acquired by Microsoft
#84This is a great move. There is no money in being an Android vendor except if you're Samsung and are totally vertically integrated. With Windows Phone, Nokia and Microsoft at least have some hope of carving out a profitable stake in the market. Anecdotally, I'm very impressed with some of the new Lumias. I got a 620 to replace my stolen iPhone, and for $200 unlocked its phenomenal phone. The build quality makes a flag…
There is no money in being an Android vendor except if you're Samsung and are totally vertically integrated.
There are a lot of people who would have picked up the attractive, well built, well engineered Nokia devices if they had the platform of Android.
The core problem with the "no money in Android" argument is that you can't choose not to compete with Android if you're in the smartphone game, which is pretty obvious given that we're talking about a company that went from hero to zero largely at the hands of Android (RIM being another example).
WP8 just isn't compelling compared to Android for a lot of users, which led to a lot of people moaning that they wish they could get one of those nice Nokia devices...but WP7/8.... Apple obviously is very much in a battle with Android, though they're in a much better position, and it's one that Microsoft isn't going to be able to emulate bringing hardware in house (especially given that it was already effectively in house. This new arrangement changes essentially nothing, but makes official what people long assumed).
Re: Nokia acquired by Microsoft
#85Anyone know price per share? I was not able to find it in the press release.
Nevermind. Nokia itself was not purchased by microsoft. Only part of the company (Devices & Services buinesss) was purchased.
Re: Nokia acquired by Microsoft
#86To everyone speculating about what this means for the possibility of Elop succeeding Ballmer: this means that Elop is succeeding Ballmer. End of story. edit: I would love to know why this is getting downvoted. edit2: fair enough. Two key facts: 1. Microsoft needs a new CEO. They have a limited pool to choose from. The following are seemingly reasonable candidates: - Mark Zuckerberg (never going to happen, he wouldn't…
I'm not down voting you, but "end of story" is not a great way to begin a dialogue on your unsupported opinion.
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Re: Nokia acquired by Microsoft
#87Earlier quoted context omitted.
Yeah, it would be interesting to see if any MSFT shareholders are that dumb. Elop's idiocy destroyed Nokia, now let's sic him on Microsoft too.
Nokia was well on its way down before Elop. It's not fair to pin that on him. But, it did seem pretty clear (even then) that his turnaround strategy involved a Microsoft purchase.
I don't think you can call something a "turnaround strategy" when the result is to cause the company's value to nosedive so far that the most viable means to salvage any of their investors' money is to divest them of their stock at a significant loss. From the Nokia stockholder's perspective, even if by some miracle the company were to subsequently prosper under Microsoft, by that point they no longer own it, so how does that help them?
Re: Nokia acquired by Microsoft
#88Why is this not reported in mainstream media yet?
At the time of your comment, it was already on the Wall Street Journal and on Rueters. Within the next 20 minutes it was on Forbes, BBC, New Zealand Herald, and Synfney Morning Herald. 10 minutes after that, it was on Seattle Times and ABC.
Re: Nokia acquired by Microsoft
#893 walled gardens is a very, very bad thing. Couple this with what Google's doing with the new Play Services and Motorola and with what Apple's been doing the entire time, and we could be in for a world of hurt when there are no "open" platforms (as in, for OEMs to build for).
2013 is the debut year of Firefox OS, Ubuntu Touch, Sailfish OS, and Samsung's supposed flagship Tizen phone. Now, the question is if carriers, consumers and OEMs will respond to them with any enthusiasm, or treat them like third parties in American politics.
Re: Nokia acquired by Microsoft
#90Considering the amount paid for Motorola by Google, isn't it cheap?
Google bought Motorola for 12.5 billion and then sold off it's Home division for 2.3 billion. At the time of the purchase, Motorola had 2 billion in cash so in the end, Google probably paid 8 billion ish for Motorola. Considering that in those 1.5 years, Moto and Nokia's values have been decreasing as well, I think they are pretty close in value.