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  1. #1
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    Microsoft buys Nokia's mobile phone arm in 5.4bn deal

    Microsoft is to acquire Nokia's mobile phone business in a €5.44bn (4.61bn) deal which will see the Finnish company's chief executive Stephen Elop join the software giant.


    The
    deal gives Microsoft access to Nokia's smartphones and its design team as it struggles to compete against rivals after missing the mobile revolution.Steve Ballmer, who a few weeks ago announced his retirement from Microsoft after 30 years, said: "It's a bold step into the future — a win-win for employees, shareholders and consumers of both companies.

    "Bringing these great teams together will accelerate Microsoft's share and profits in phones, and strengthen the overall opportunities for both Microsoft and our partners across our entire family of devices and services."

    This is Microsoft's first big play since Mr Ballmer's departure was announced. He approached the Finnish company in for an "open dialogue" on a deal in February this year, Nokia's chairman and interim chief executive, Risto Siilasmaa, said on Tuesday.

    Former Microsoft executive Mr Elop, who will move to the software company when the deal is closed, is among those touted to replace Mr Ballmer. Labrokes said he was now 4/6 favourite to take the role, with Sheryl Sandberg 7/1 and Steve Sinofsky 12/1



    The Finnish business used to dominate the mobile market with its virtually indestructible handsets. However, it was slow to develop smartphones and lost ground to Apple and other players like Samsung.
    Mr Elop, who joined the company from Microsoft in 2010, famously compared Nokia to a man on a burning oil platform who had no choice but to jump
    .

    Under his leadership, Nokia struck a deal to join forces with Microsoft to produce the Lumia series of smartphones, based on Microsoft's Windows operating system. The handsets have attracted a moderate level of critical success but sales have been slower than hoped
    .

    Microsoft said the deal would enable the company to build on its 2011 partnership with Nokia and increase its share of the smartphone and tablet market through faster innovation.

    The move could turn Microsoft from the laggard of the smartphone industry into a power player with the potential to close in on Apple and Google.
    Under the deal, Microsoft will pay €3.79bn to buy Nokia’s Devices & Services

    business, and €1.65bn to license Nokia’s patents for 10 years.

    Nokia retains its patent portfolio and will also have reciprocal rights to use some Microsoft patents. However, it will grant Microsoft an option to extend this mutual patent agreement in perpetuity.

    Microsoft is acquiring Nokia’s Smart Devices business unit, including the Lumia brand and products. It is also buying Nokia’s Mobile Phones business unit, which had sales of 53.7m units in the second quarter of 2013.

    It also gets the Asha brand and will license the Nokia brand for use with current Nokia mobile phone products. Nokia will continue to own and manage the Nokia brand.

    "This element provides Microsoft with the opportunity to extend its service offerings to a far wider group around the world while allowing Nokia’s mobile phones to serve as an on-ramp to Windows Phone," the software company said.
    Around 32,000 people are expected to transfer to Microsoft, including 4,700 people in Finland and 18,300 employees involved in manufacturing, assembly and packaging of products worldwide
    .

    The operations to be transferred to Microsoft generated an estimated €14.9bn - nearly 50pc of Nokia’s net sales for the full year 2012.
    Nokia said it expects to book a gain on sale of around €3.2bn, and says the transaction will be "significantly accretive to earnings".

    Share in Nokia jumped 46pc to €4.6 in early trading on Tuesday. The share, which has risen 80pc in the past year, were trading at €16 five years ago.
    The deal prompted analysts at Deutsche Bank to turn more positive on the shares this morning.

    "Given the material expected benefits to Nokia’s earnings, net cash and upside in the share price from current levels, we upgrade from Sell to Hold," they said.
    The deal is expected to close in the first quarter of 2014, subject to approval by Microsoft and Nokia shareholders and regulators.

    Following the transaction,

    Nokia plans to focus in future on its three established businesses
    :

    NSN - a specialist in mobile broadband (Nokia Siemens Networks)
    HERE - a lossmaking smartphone mapping business
    Advanced Technologies - an intellectual property development arm.

    The deal will strengthen the company's finances and give is capital to invest in the businesses.

    Mr Siilasmaa said: "After a thorough assessment of how to maximize shareholder value, including consideration of a variety of alternatives, we believe this transaction is the best path forward for Nokia and its shareholders."

    Microsoft has agreed to give Nokia €1.5bn of financing via three €500m tranches of convertible bonds. If Nokia decides to draw down on this financing, it will pay back the notes to Microsoft from the proceeds of the deal when it closes.
    The financing is not conditional on the deal closing.
    http://www.telegraph.co.uk/technolog....4bn-deal.html
    Last edited by claud3; 09-03-2013 at 12:18.
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  2. #2
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    Mobile phones have arms?

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    I've not owned a Nokia since the 7600.

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    Yep, it is totally amazing to find something new
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    I think this is a good thing personally. I love my Nokia 620, and if they're owned by MS a Nokia WP will definitely be the place to be.

    Don't Steal. Don't Molest Little Children. Don't Deal Drugs.

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    ;_;7
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    Damn, what is Ballmer thinking? I guess if you're already gone you won't get in $#@! for bad decisions.
    This was a horrible move, Microsoft should have exited the mobile phones industry when Ballmer left.

    Quote Originally Posted by darky89 View Post
    I think this is a good thing personally. I love my Nokia 620, and if they're owned by MS a Nokia WP will definitely be the place to be.
    Windows Mobile will never have a place in the industry, back in the day it was Nokia or BlackBerry, now its Apple or Android.
    Microsoft's best move would be to exit, abort, sell as soon as Ballmer and his stupidity is gone, there is no market for them to even try.

    Microsoft at the moment could be making more money selling enterprise apps on Apple and Droid.
    Last edited by mickice; 09-04-2013 at 10:24.

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    Now I heard that Nokia didn't sell their patents to Microsoft, so this deal just seems worse for MS. Basically in year 2015 Nokia can join the whole mobile phone market again, probably funding others like Jolla. Stupid move from Ballmer.
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    Not sure how I feel about this...

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    Quote Originally Posted by mickice View Post
    Damn, what is Ballmer thinking? I guess if you're already gone you won't get in $#@! for bad decisions.
    This was a horrible move, Microsoft should have exited the mobile phones industry when Ballmer left.



    Windows Mobile will never have a place in the industry, back in the day it was Nokia or BlackBerry, now its Apple or Android.
    Microsoft's best move would be to exit, abort, sell as soon as Ballmer and his stupidity is gone, there is no market for them to even try.

    Microsoft at the moment could be making more money selling enterprise apps on Apple and Droid.
    I hope MS don't agree with you, I really love the WP os and it's unique style.
    Even though they only have something like less than 10% of the market, the Nokia WP's especially are pretty much universally reviewed very well. And just as blackberry was king and is all but dead, it can happen to apple or google too.

    And I should clarify. I meant Nokia will be the place to be in terms of WPs. It already is, but I guess Nokia devices would become the pure WP experience.

    Don't Steal. Don't Molest Little Children. Don't Deal Drugs.

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    Nope, Metro is rubbish and always will be. Even if Microsoft killed the Metro UI Apple/Android have many exclusive apps and partnerships that Microsoft would not be able to squeeze in even if they wanted too.

    In any case enjoy your phone, I enjoy mine Xperia U.

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  15. #13
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    > 10% Marketshare? lol. After the great surface debacle it'llbe interesting to watch Microsoft from afar.
    Would not want to be them right now.

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    Quote Originally Posted by mickice View Post
    Damn, what is Ballmer thinking? I guess if you're already gone you won't get in $#@! for bad decisions.
    This was a horrible move, Microsoft should have exited the mobile phones industry when Ballmer left.



    Windows Mobile will never have a place in the industry, back in the day it was Nokia or BlackBerry, now its Apple or Android.
    Microsoft's best move would be to exit, abort, sell as soon as Ballmer and his stupidity is gone, there is no market for them to even try.

    Microsoft at the moment could be making more money selling enterprise apps on Apple and Droid.
    Dude, how do you know it's a bad decision? You guys kill me with this inside knowledge you have...lol

  17. #15
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    Quote Originally Posted by mickice View Post
    > 10% Marketshare? lol. After the great surface debacle it'llbe interesting to watch Microsoft from afar.
    Would not want to be them right now.
    Have fun being an armchair CEO.

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    Quote Originally Posted by MATRIX 2 View Post
    Have fun being an armchair CEO.
    Aren't you one as well?

    On-topic:
    Interesting buy. I don't know if Nokia's mobile division is worth 7 Billion but I don't make these decisions. I just watch as they play out.
    It's funny that in this day in age people can steal as long as they have a reason too. Even if that reason is created by the thieves themselves.

  19. #17
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    Quote Originally Posted by TEJ2025 View Post
    Aren't you one as well?

    On-topic:
    Interesting buy. I don't know if Nokia's mobile division is worth 7 Billion but I don't make these decisions. I just watch as they play out.
    Do you see me openly criticizing the decisions of various companies with minimal info?

    No? Then it isn't the same thing. There is a difference with agreeing with an action and disagreeing with an action. If you disagree, the burden of proof is on you to show why you disagree.

    Don't tell me that you think that a single individual here is smarter than the hundreds of people that run these companies, and make these decisions.

  20. #18
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    poor Nokia


  21. #19
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    Quote Originally Posted by D3seeker View Post
    poor Nokia
    You realize Nokia willingly agreed to this, right?

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    Quote Originally Posted by MATRIX 2 View Post
    You realize Nokia willingly agreed to this, right?
    I'm sure they know this. It's just another case of the double standards that often show up here on the forums. Ms buys Nokia to gain strength in the phone market and its bad. Sony buys Gaikai to get a foothold in the cloud computing and its the greatest thing ever.


    IRONRANGER6 Tapatalk

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    MS didn't buy Nokia. MS bought one division of Nokia.
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    Quote Originally Posted by Mael Duin View Post
    MS didn't buy Nokia. MS bought one division of Nokia.
    Their phone hardware division. Which is what nokia is known for to most people.

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    Quote Originally Posted by MATRIX 2 View Post
    Their phone hardware division. Which is what nokia is known for to most people.
    Still didn't buy Nokia.
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    Quote Originally Posted by Mael Duin View Post
    MS didn't buy Nokia. MS bought one division of Nokia.
    yea, but you get the point.

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    It was a stupid buy. The future of it is unknown but for a business stand point as of right now, it was a very dumb purchase.

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