On the evening of September 2, 20 13, Microsoft announced that it would acquire most of Nokia's mobile phone business for 3.79 billion euros (about 5 billion dollars), and another 165 billion euros (about 21800,000 dollars) to purchase Nokia's patent license, so the total transaction price was about 5.44 billion euros (about 765.5 billion dollars).
Chinese name
Microsoft's acquisition of Nokia
time
September 2, 2065 438+03
content
Acquisition of most of Nokia's mobile phone business
Acquirer
Microsoft, Nokia
Basic introduction
As part of this transaction, Nokia will sell a non-exclusive patent license to Microsoft for a period of 10 years. Microsoft will also grant its geographical patents to Nokia in a reciprocal way. Microsoft will also enjoy the right to renew the contract permanently.
Microsoft will also purchase the license of Nokia Here platform, which will become the biggest customer of Nokia Here department. Both parties will sign another authorization agreement for this purpose. After the sale of the equipment and services department, Nokia's strategy will focus on three core technologies, namely: NSN (Network Infrastructure), HERE (Map and Location Services) and advanced technology (Technology Licensing and Development Department).
Microsoft intends to integrate its Windows 8 business with Nokia's equipment and services business to obtain an integrated solution across hardware and software.
Staff arrangement
Once the deal is reached, many Nokia executives will join Microsoft, including Elop. Microsoft will use a large amount of overseas cash reserves to complete the transaction. After the transaction is completed, about 32,000 employees will join Microsoft, including 4,700 Finnish employees.
Elop, a former Microsoft executive, was once considered as one of the most promising candidates to succeed Steve Ballmer, CEO of Microsoft. As a result of this transaction, Nokia executives who will join Microsoft include JoHarlow, Executive Vice President of Global, JuhaPutkiranta, Executive Vice President of Mobile Phone, TimoToikkanen, and ChrisWeber, Executive Vice President of Sales and Marketing.
Elop gave up his position as CEO of Nokia and temporarily served as executive vice president of equipment and services; Stosy Rasma, chairman of Nokia, will serve as interim CEO. Elop will lead Microsoft's equipment team, but this will put him in a strange position, because Ballmer said in the restructuring plan announced last month that the head of the company's equipment and studio engineering department is executive vice president Julie Larson-Green; In addition, Ballmer himself has announced that he will retire in the next 12 months. It is expected that after the completion of the acquisition transaction, rumors about Ballmer's candidate will fly all over the sky [1].
Personnel arrangement is the key and difficult point.