Another Mobile Bombshell: Microsoft will Buy Nokia's Phone Business for $7.2 Billion

Discussion in 'Surface Forum Site News' started by dgstorm, Sep 3, 2013.

  1. dgstorm

    dgstorm Editor in Chief

    Jun 19, 2012
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    Microsoft and Nokia just dropped another bombshell on the mobile industry. Apparently the two companies have struck a deal for Microsoft to purchase Nokia's struggling phone business for $7.2 Billion dollars. This is both a bold and a desperate move on the part of Microsoft to try and make headway against Apple and Samsung. Here's a quote with a few more details,

    It's amazing to see how quickly things can turn in the technology world. Of course, you could also easily argue that this has been coming on for quite some time. Nokia has been struggling to keep a foothold in the mobile world, and Microsoft was late to the party. Perhaps this is the best thing for both companies in the long run. Regardless, this $7.2 Billion dollar price is a almost a steal for Microsoft to finally have their own mobile tech business, all wrapped up into one package. The question remains, "where do they go from here?"

    Source: WSJ

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