Microsoft to acquire Nokia's Devices & Services for $7.17 billion
0. phoneArena 02 Sep 2013, 22:39 posted on
It has been rumored again and again since Microsoft and Nokia first partnered together to make Windows Phone devices, and now it has officially happened. Microsoft has agreed to purchase Nokia's Devices & Services unit, as well as license Nokia's patents in a deal that will be worth €5.44 billion (~$7.17 billion)...
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30. Bernoulli (Posts: 1451; Member since: 01 Sep 2012)
It's still pending approval from Nokia, there's still hope...
78. james004 (Posts: 477; Member since: 15 May 2013)
who in correct mind would sell their $30 billion company for $5 billion?
79. neutralguy (Posts: 1152; Member since: 30 Apr 2012)
Who said that it's 30 billion dollar worth? Also, it's not like microsoft bought the whole company. Parts of it only.
Anyways, elop finally did his job. *ehem* trojan *ehem* horse *ehem*
80. Bernoulli (Posts: 1451; Member since: 01 Sep 2012)
Thank you, hopefully the board of investors sees that and either cancels the deal and kicks Elop out of office, asks for 3x the amount and kicks Elop out of office, or just kicks Elop out of office
101. joey_sfb (Posts: 3004; Member since: 29 Mar 2012)
much less than what Nokia pay for their map navtec division.
Nokia had fallen to elop Trojan horse.
115. tigermcm (Posts: 730; Member since: 02 Sep 2009)
nokia devices and services is not the entire nokia company
118. jromy (Posts: 114; Member since: 26 Feb 2013)
what else is there that affects us as consumers? Not trolling, just want to know.
126. tigermcm (Posts: 730; Member since: 02 Sep 2009)
I honestly dont know all of nokia but the navteq and here are not apart of the purchase
85. takeja (Posts: 35; Member since: 16 Aug 2013)
There are no hopes....
Our predictions became true:
Elop as a destroyer of Nokia to prepare the company for buying for a very low price
Now the incompetence by Microsoft will destroy the legendary Nokia completely...
Enjoy your Nokia device with NSA back doors finally officially!
43. AnTuTu (Posts: 892; Member since: 14 Oct 2012)
Great step forward.
But does Nokia worth less than Skype??? That's my only concern
56. zoom007 (unregistered)
A very sad day in the history of cellphones. 7.2 billion is way to less..Microsoft and Elop raped this amazing company..;(
61. Commentator (Posts: 2436; Member since: 16 Aug 2011)
It's a great day for PhoneArena's advertisers... so there's always that to be happy about!
66. Commentator (Posts: 2436; Member since: 16 Aug 2011)
...unless the people who are angry about this psychologically extend that anger to the banner ads they see here for XFINITY HOME, HP's Labor Day Sale and the LG G2, in which case it's a terrible day for PhoneArena's advertisers...
...I mean, that big MICROSOFT SURFACE ad at the top of this page right now can't be helping to ease the pain...
68. asingha94 (Posts: 288; Member since: 08 Apr 2012)
Don't know whether it is good or bad for future.May be it will result faster update & more development on their platform.But Nokia is good standalone.Because it has the everything & MS is going to buy it.You lost my respect Elop.Fk u Elop & Screw Microsoft.
71. asingha94 (Posts: 288; Member since: 08 Apr 2012)
I will not buy a device if it is called Microsoft Lumia 1****!!!Will buy Android further!!
82. Bernoulli (Posts: 1451; Member since: 01 Sep 2012)
Yup, eff this next device is going to be blackberry if still around, what still gets me is how did Nokia fall before blackberry...
97. Commentator (Posts: 2436; Member since: 16 Aug 2011)
Nokia didn't fall, it got bought (or rather, is in the process of being bought.)
I'd rather see a company succeed as part of a larger company than fail on its own any day. Elop presumably thinks Nokia will do better under the MS umbrella, and we'll see what the shareholders have to say. That's all there is to it.
87. blkjack (Posts: 17; Member since: 16 Aug 2013)
Did you buy any Nokia Lumia's prior to Microsoft buying part of the company?
92. Bernoulli (Posts: 1451; Member since: 01 Sep 2012)
Yes? I've had my lumias 810 and 920 for a while, along with my favorite Nokia, the 808 PureView
7. protozeloz (Posts: 5378; Member since: 16 Sep 2010)
I was expecting this to happen, after all it was the whole reason Elop was working... MS got Nokia dirt cheap
11. Commentator (Posts: 2436; Member since: 16 Aug 2011)
Heck yeah they did. Nokia's market cap is twice what MS is paying. Granted, they're not acquiring the whole thing...
17. protozeloz (Posts: 5378; Member since: 16 Sep 2010)
You could say that, but they got the important parts... This deal could have rose 16b mark, unless Nokia's market share was not translating into funds directly, but that could be hard to prove
23. Commentator (Posts: 2436; Member since: 16 Aug 2011)
Well the guys who put the deal together know a heck of a lot more than you or I do about this, so if anyone can prove it it's them.
28. protozeloz (Posts: 5378; Member since: 16 Sep 2010)
True that lol Wonder if the details will come out sooner than later, but I got shocked at the price... Though anyone would have to cough up 20b for the whole thing.... Wonder what's left of Nokia...
35. Commentator (Posts: 2436; Member since: 16 Aug 2011)
I'd assume their feature-phones division and Nokia Siemens Network are left untouched.
Here's a handy-dandy chart of their corporate structure:
46. Commentator (Posts: 2436; Member since: 16 Aug 2011)
Well, it looks like MS took their feature-phones too: "Microsoft will also be acquiring the Lumia brand name, as well as the Asha brand name, which is the more important name..."
The article now lists HERE, NSN, and Advanced Technologies as all that's left of Nokia.
99. -box- (Posts: 3823; Member since: 04 Jan 2012)
Read the whole Powerpoint (http://www.microsoft.com/en-us/news/download/press/2013/St
rategicRationalePPTX.aspx) or same info on PDF here:http://www.microsoft.com/en-us/news/Press/2013/Sep13/Strat egicRationale.aspx
Basically they're acquiring the brand names, and will license the brand names to use on the feature phones for the next 10 years, with the option to convert the 10-year license to a perpetual license. (page 23)
I reeeeeeeally hope we're not seeing the end of Nokia as a phone brand. I'd much rather see them be like Skype, where it keeps its original name but is an integrated service.
100. Commentator (Posts: 2436; Member since: 16 Aug 2011)
Without a doubt that's what they'll do. MS isn't stupid, they know the importance of the Nokia brand.
Woo! Comment 100! ... Which means that so far my 19 comments have made up 19% of those posted here!
12. Commentator (Posts: 2436; Member since: 16 Aug 2011)
All I know is we're in for a fun night of comments!
32. Bernoulli (Posts: 1451; Member since: 01 Sep 2012)
It's still pending approval from Nokia, there's still hope this doesn't go through!
38. Commentator (Posts: 2436; Member since: 16 Aug 2011)
Given the support Nokia shareholders have shown Elop in the past, I wouldn't get my hopes up...
62. Bernoulli (Posts: 1451; Member since: 01 Sep 2012)
Exactly! This is something that Elop wants, not the shareholders, they had been in talks to kick him out of office before, hopefully they do that now
107. lalalaman (Posts: 367; Member since: 19 Aug 2013)
Thats weird bt I did saw tht coming in past and now it is happening....
It is also weird in a sense that both have there maps, tablets and things coming out...thse type of unification might nt work....I hope shareholders do something.....:/
39. protozeloz (Posts: 5378; Member since: 16 Sep 2010)
I think this deal is as good as done though.....
4. protozeloz (Posts: 5378; Member since: 16 Sep 2010)
Ha i knew elop was a Trojan horse, Nokia got sold for half the price Motorola did despite being in a better position
109. lalalaman (Posts: 367; Member since: 19 Aug 2013)
It is not totally sold I guess....assets will nt b sold sothe price is low
Besides moto is doing good with os maker Google so may Nokia with ms
5. ricethief (Posts: 8; Member since: 17 Jul 2012)
I think Stephen Elop at Nokia has been a trojan horse for MS.
8. protozeloz (Posts: 5378; Member since: 16 Sep 2010)
That was obvious from the very beginning
6. Commentator (Posts: 2436; Member since: 16 Aug 2011)
One of Ballmer's last acts as CEO may end up being his most memorable. Will Elop be his successor?
It'll be interesting to see how Samsung and HTC respond to this, given their (relatively limited) investment in WP.
9. a_merryman (Posts: 685; Member since: 14 Dec 2011)
Wow, it's about time considering the relationship they've had the past couple years. But it still surprised me.
10. eman99 (Posts: 233; Member since: 03 Aug 2010)
not good very sad news damn you google you should have purchased well made nokia handsets, imagine android on them
14. protozeloz (Posts: 5378; Member since: 16 Sep 2010)
I doubt such merger will be approved, but that's where Elop plays it's game, ensuring no one would get Nokia before MS was ready
13. sats.mine2k4 (banned) (Posts: 208; Member since: 10 Aug 2012)
as planned... nokia = dum ass; ms = smart...
15. Myrith (Posts: 55; Member since: 17 Feb 2012)
So sad. I was hoping for Android on Nokia's awesome camera phones.
24. protozeloz (Posts: 5378; Member since: 16 Sep 2010)
Don't say that out loud, or the "anti lagdroid" cult will come and crucify you with their dated arguments
104. -box- (Posts: 3823; Member since: 04 Jan 2012)
That idea was shot down in 2010. Nokia considered android, found it essentially so bad they wanted to rebuild it from the ground up (which will probably happen anyway for android 5.0, if they don't rename it chrome), and google gave Nokia the metaphorical finger when they said they couldn't and wouldn't offer any support or transitional assistance. .
132. InspectorGadget80 (Posts: 6588; Member since: 26 Mar 2011)
Me to this is very sad day. Looks like we will never see a Nokia pure view Android :(
18. Commentator (Posts: 2436; Member since: 16 Aug 2011)
They bought "Devices & Services." I'm not sure what else Nokia consists of, but since they only paid $7 billion, I'm sure there's quite a bit left of old Nokia.
19. protozeloz (Posts: 5378; Member since: 16 Sep 2010)
Seems like just a portion of the mobile division
22. quyenqchau0813 (Posts: 85; Member since: 22 Mar 2013)
As far as I've known, they didn't buy the HERE Navigating division
49. MichaelHeller (Posts: 2681; Member since: 26 May 2011)
Nokia still holds onto its patents, the HERE products, and the Nokia Siemens Networks.
117. rusticguy (Posts: 2828; Member since: 11 Aug 2012)
That will go next. With M$ around in bed they don't need anyone else. It will finally be raped ... end of M$ COUPONS for Nokia like it happened with Novel :)