Posts

Showing posts from September, 2013

NOKIA-MICROSOFT DEAL: THE INSIDE STORY

Image
CEO's Role in Nokia-Microsoft Deal Suspicious By Atique Naqvi  |  Dubai, UAE  |  Uploaded on the blog recently** Former CEO of NOKIA Stephen Elop Farewell to Nokia was not without tears and brickbats in Finland. Some Finns had monetary relationship with the telecom firm, while most had emotional love affair with the company, which was a market leader for the best part of the last decade. In this buyout, the role of Stephen Elop, who was the CEO of Nokia until September 3, 2013, has come under fire and he is being referred to as ‘Trojan horse’. Finns are highly suspicious that Elop came from Microsoft to elope away with Finland’s darling Nokia to Redmond in Washington, United States of America. On Tuesday (September 3), Nokia Corporation said it would sell all of its devices, services business, license and patents to Microsoft for EUR5.44 billion ($7.16bn) in cash, payable at closing. Elop, who headed the business division of Microsoft from 2008 until 2010, joined Nok