TechHive: Microsoft's Nokia acquisition is 'a necessary gamble,' analysts say

TechHive TechHive helps you find your tech sweet spot. We guide you to products you'll love and show you how to get the most out of them.

Dropbox for Business Keep your files and organization in sync. Dropbox for Business has unlimited space, file sharing, and admin tools to manage your team. Start a free trial at no cost. From our sponsors

Microsoft's Nokia acquisition is 'a necessary gamble,' analysts say Sep 3rd 2013, 13:10, by , IDG News Service Microsoft's acquisition of Nokia's Devices & Services business is a necessary gamble for the software company's future growth in mobile, and for Nokia an admission that it doesn't have enough resources to successfully compete with Samsung and Apple, according to analysts. Microsoft announced on Tuesday it will pay €3.79 billion ($5 billion) for "substantially all" of the Nokia's Devices & Services business and €1.65 billion to license Nokia's patents at the close of the transaction. The deal is a momentous one for both companies, and the end of an era for Nokia, which will now focus on mobile networking equipment and mapping and location services. "With mobile now firmly positioned as the world's fastest-growing and largest computing platform we see this move as a bold but entirely necessary gamble by Microsoft," wrote Ben Wood, chief of research at CCS Insight, in a research note. To read this article in full or to leave a comment, please click here Media files: nokia1020_2-100047843-small.jpg

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

• Tweet
• Share
• Share
• Share
• Share

Sign up here with your email