Five years ago, Microsoft bought Nokia’s smartphone business

Five years ago, Microsoft bought Nokia’s smartphone business
By Matthew Hughes

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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September 3, 2018 at 07:35PM
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