That's resulted in $ 7.6 billion being written off from the Nokia
phone business acquisition, and thousands of job losses.
Not exact matches
It is still working through past missteps, such as its $ 7.2 billion
acquisition of Nokia's ailing
phone business, and continues to lay off thousands of workers.
He said Lenovo was just beginning to advance into the smartphone
business and the
acquisition of BlackBerry would automatically bring it a large Western market of
business phone users.
Demonstrating multifaceted capital markets expertise on both sides of the Atlantic, Barclays was lead adviser to Verizon Communications in its $ 130 billion
acquisition of Vodafone's US mobile
phone business.
Christine Guy Small
Business Specialist US DOT / OST - R / Volpe Center Office of
Acquisitions, RVP - 31 55 Broadway Cambridge, MA 02142
Phone: 617-494-3559 Fax: 617-494-3024 Email:
[email protected]
While Motorola Mobility has a considerable
business in mobile
phones (it makes the popular Droid smartphone line), Google's announcement makes it clear the
acquisition was all about the 14,600 granted and 6,700 pending patents in Motorola's portfolio.
Lenovo's planned
acquisition of Motorola's mobile
phone business will likely be reviewed by the Com...
Microsoft is cutting 7,800 jobs, primarily employees involved in its Windows
Phone business, and is taking a $ 7.6 billion write - down related to its Nokia
acquisition.
Following that statement and an April 10 - Q filing that included some serious warnings about the future of the
phone handset
business Microsoft bought in 2014 for $ 7.2 billion, a number of company watchers predicted Microsoft might write off some or all of its Nokia
acquisition.
Microsoft has technically sold its feature
phone business back in May, but Foxconn's
acquisition isn't confirmed yet, so here's the Nokia 216.
Microsoft earlier today announced a major restructure of its
phone hardware
business and revealed a $ 7.6 billion write off of Nokia's
acquisition.
Samsung has, understandably, been looking to avoid paying huge Android royalties to Microsoft, and the Korean company decided Microsoft's
acquisition of Nokia's
phone business was a good excuse to try and invalidate the contract.
A potential
acquisition of the mobile handset
business of Canadian RIM by China's Lenovo would raise a number of important security issues in the US, with regard to government officials» communication over
phone.
With the
acquisition of Nokia's
phone business expected to close in early 2014, and a rumored Surface «mini» allegedly launching early next year, it could be a busy developer conference for Microsoft.
The latest round of job cuts follows the removal of 7,800 jobs from Microsoft's workforce in 2015, after its disastrous
acquisition of Nokia's devices and services
business a year earlier, which led to a further 1,850 jobs being cut in May 2016; and another 2,850 job losses in July 2016 as part of its
Phone Hardware Restructuring Plan.
On top of that, considering Google's recent
acquisition of a large portion of HTC's smartphone
business, it's possible that Google will expand its smartphone lineup to include more
phones across different price points.