A full story behind Nokia's sale to Microsoft
The Nokia of old is dead! Last year I predicted that this year would mark the demise of Nokia, at one time the biggest cell phone manufacturer in the world. After its disastrous dithering and the resulting market failure Nokia was snatched up by Microsoft for a measly $7.2b, a fraction of its worth from just a couple of years ago (in comparison, Skype was bought for $8.6b). However, I do not think that Microsoft really wanted to buy Nokia, rather it was forced into this move by Nokia’s dismal performance, and the fact that Nokia carried 90 per cent of all Windows Phone sales. Microsoft had no choice but to purchase the flailing smartphone maker in order to save its position in the market.