Microsoft to acquire Nokia (cheaper than Skype)

03.09.13

Microsoft has announced the acquisition of  Nokia's devices and services business for $ 7.1 billion. Recall, Microsoft acquired Skype for $8.5 billion. However, such a low price is not surprising. After all, Nokia is ruled by the former Microsofter, Stephen Elop, who is also the top contender for the position of Steve Ballmer (Microsoft CEO) after his retirement. So it was the family deal. Microsoft injected Elop to Nokia back in 2010 and then two companies became close partners. Nokia became the major manufaturer of Windows Phone smartphones, but had quite a little success with this project. And maybe to Nokia from looking to Android opportunities, Microsoft decided to acquire it. Stephen Elop now will become Microsoft's vice-president of device and services (probably until Ballmer's departure).