What? Did you pull that figure out of thin air? It was $7.2 and change for Microsoft to acquire the mobile division of Nokia, not $3 billion.
Thanks for the correction. You are correct!
7.2 billions flushed down the toilet by Steve Balmer I suppose
Phone deal with Nokia became Microsoft’s $10 billion mistake
May 25, 2016
When Microsoft bought Nokia’s phone unit, then-Chief Executive Steve Ballmer touted the deal as a move that “strengthens us as a company in so many ways.”
Instead, the acquisition seems destined to be remembered as one of the company’s largest strategic missteps, a costly failure to boost Microsoft’s weak standing in mobile computing.
Since the $7.9 billion purchase of Nokia handset business was sealed in April 2014, Microsoft has laid off thousands of employees at manufacturing plants and research facilities from Redmond to Finland to China.
All in all Microsoft squandered 10 billion dollars on Nokia!!!!
Like I said I knew it was pos deal when it was done in 2013. Why? Because the Asians were becoming ascendant in the smart phone business and were eating Nokia alive. Nokia’s day was during the age of cell phones. This was when they reigned supreme.
Nokia honchos were overjoyed when the ridiculous Steve Ballmer showed up to buy up their business.