Seeking Alpha

adspatz's  Instablog

adspatz
Send Message
Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
My company:
SEC Live
  • Microsoft To Acquire Nokia's Mobile Phone Business For $7.17B 0 comments
    Sep 3, 2013 10:11 AM | about stocks: MSFT, NOK

    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.

    Themes: merger, acquisition Stocks: MSFT, NOK
Back To adspatz's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.