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Five years ago, Microsoft bought Nokia’s smartphone business

Monday, September 3, 2018 by Piyush Suthar | Comments

Home News Tech Five years ago, Microsoft bought Nokia’s smartphone business

It was going to be the deal that would Microsoft’s rightful place as a mobile superpower. This time five years ago, Microsoft bought Nokia’s mobile business (and a meaty patent portfolio to boot) for a cool $7.6 billion. A steal, when you consider the Finnish icon once controlled 41 percent of the global handset market. Five years ago today, Nokia sold its smartphone businesses to Microsoft. pic.twitter.com/qqfycrgmOd — Tero Alhonen (@teroalhonen) September 3, 2018 We all know how this story ended. Just two years later, Microsoft declared that it had written off the deal, laying off nearly 8,000 jobs in…

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Authored by Piyush Suthar
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