Entering text into the input field will update the search result below

Microsoft To Acquire Nokia's Mobile Phone Business For $7.17B

Sep. 03, 2013 10:11 AM ETMSFT, NOK
adspatz profile picture
adspatz's Blog
10 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Originally published at www.seclive.com

In a deal valued at $7.17B, Microsoft (MSFT) has announced its plans to purchase Nokia's (NOK) mobile business that includes the Lumia smartphone brand. Along with the mobile device business is another development that analysts are closely watching, which is the future of Nokia CEO Stephen Elop. Elop was formerly the head of Microsoft's business software division before moving to Nokia in 2010 and is being discussed as a possible replacement to Microsoft's retiring CEO Steve Ballmer. In recent years Nokia has seen a steady decline in its market share, shrinking from 40% of the handset market in 2007, to now 15%. Microsoft's move to purchase the Nokia mobile line will likely complicate matters regarding Windows Phone arrangements with other makers such as HTC, who now assume that Nokia will become the flagship brand with Windows Phone.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You