Scalper1 News
When Satya Nadella became Microsoft’s (MSFT) new chief executive, he inherited the $7.2 billion acquisition of Nokia’s (NOK) mobile phone business from his predecessor Steve Ballmer. Now it’s Nadella’s job to make the deal make financial sense. The first order of business is job cuts, which are expected within a week. On Aug. 23, Ballmer announced his plan to retire once a successor was chosen. On Sept. 3, he announced the company’s intent to buy Nokia’s handset business. Nadella took over as CEO on Feb. 4, and the Nokia acquisition closed on April 25. The purchase of Nokia’s mobile phone business was seen as Microsoft’s attempt to become more like Apple (AAPL) and control the entire phone development and manufacturing process to improve the experience for consumers. Previously, Microsoft licensed its mobile operating system to handset vendors and hoped for the best. But with Surface tablets and Nokia… Scalper1 News
Scalper1 News