Saturday, 28 September 2013

Microsoft finally buys Nokia

In September of last year I blogged about the Nokia/Microsoft alliance and I said that the former must be "waiting and hoping that Microsoft will step in and buy the company".

Well it took another year but this September it was announced that  Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn Euro.

To be honest I don't think the deal is a good idea. I think Nokia was a great company in its day but that day has passed. I just don't think it can get back from where it is now.

In fact I think that commentators who say that buying Blackberry would have been a better idea are right. Better to buy a company that is sick than one that is on life-support.