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Economy |
Microsoft looks set to drop Nokia name from phones |
2014-10-23 |
![]() "Goo-bye, Moto!" According to a post on Nokia La Belle France's Facebook page on Tuesday, the page will change its name to Microsoft Lumia "in the coming days." Microsoft declined comment. Under the terms of the $7.2 billion deal -- struck in September 2013 and completed in April -- Microsoft acquired Nokia's handset business, though not the name of the company itself. Nokia, which continues as a networks, mapping and technology licensing company, owns and manages the Nokia brand, and only licenses it to Microsoft. New Microsoft CEO Satya Nadella has already begun to reduce the scale of its phone making operations. Of the 18,000 job cuts he announced in July, about 12,500 came from the unit acquired from Nokia. |
Posted by:Fred |
#2 At one time, Nokia made the most popular dumb phones on the planet. Funny how things went south after they got ex-Microsoft guy Stephen Elop (famous for the "Burning Platform" memo). And now they've fallen into Microsoft's hands. |
Posted by: SteveS 2014-10-23 21:49 |
#1 Ahh, Microsoft kills off another profitable operation... |
Posted by: ed in texas 2014-10-23 07:48 |