How much did Microsoft buy Nokia for?
$7 billion
In 2013, Microsoft paid over $7 billion for Nokia’s handset business in an ill-fated attempt to provide a third alternative to iPhone and Android handsets with Windows Phone. It failed miserably, with the purchased assets from Nokia written off in 2015, resulting in thousands of job losses.
Why did Nokia sell itself to Microsoft?
Essentially, by giving customers a good Windows experience via their phones, Microsoft are more likely to keep people using their software in other devices. This was made clear in a ‘strategic rationale’ Microsoft released to investors after the acquisition.
Who will buy Nokia?
Microsoft has also acquired Nokia’s marketing, design and sales teams and most of its manufacturing and operations facilities – approximately 25,000 staff. The purchase will advance Microsoft’s “transformation”, according to CEO Satya Nadella.
Who owns HMD Nokia?
FIH Mobile
In the 2020 financial report, FIH Mobile disclosed they have an 14.38% ownership in HMD Global. Finnish Nokia owns 10.10% of HMD Global, while other investors include Google, Qualcomm, and others with an undisclosed share in HMD.
Did Google buy Nokia?
The company is made up of the mobile phone business that Nokia sold to Microsoft in 2014, then bought back in 2016. HMD began marketing Nokia-branded smartphones and feature phones on 1 December 2016. The company has exclusive rights to the Nokia brand for mobile phones through a licensing agreement.
Who is trying to buy Nokia?
CSS Insight predicts that in 2021, Nokia will be bought by a prominent U.S.-based tech company next year. They named both Microsoft and Intel as likely to buy Nokia. Microsoft and Nokia have a history tracing back to 2013 when the software giant bought the Nokia smartphone division for $7 billion.
Is Nokia a good stock to buy 2022?
Whilst increased short-term price volatility can’t be ruled out, the news out of Nokia HQ remains positive in terms of medium-term stock valuations. The taps have been firmly turned on in terms of new revenue streams and point towards a positive Nokia stock forecast for 2022.