Why, oh why?


“Microsoft is to buy Nokia’s mobile phone business and patents for €5.44bn ($7.2bn) in an all-cash deal that will reshape the telecoms industry on two continents and comprise a big bet that Microsoft can challenge Apple and Samsung. The deal includes €3.79bn for the devices unit and €1.65bnfor patents. Nokia CEO Stephen Elop will step aside to return to Microsoft. Nokia will become a telecoms equipment company, ending a 30-year roller coaster ride with phones. (Financial Times)(Bloomberg)”

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About bzik2

A beginning central banker with a twist
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