One of everyone's favourite companies to dis has just bought Nokia:
Time to short sell Nokia and make a fortune~!
Microsoft buying Nokia's devices and services business, will license patents for about $7.2B
Microsoft says it is buying Nokia's devices and services business, and getting access to the company's patents, for a total of 5.44 billion euros ($7.2 billion) in an effort to expand its share of the smartphone market.
Nokia confirmed the deal in a joint news release from the two companies Monday night.
In the statement, Microsoft CEO Steve Ballmer says the deal will bring Nokia's capability and talent in hardware design, engineering, manufacturing, sales, marketing and distribution to Microsoft.
Does anyone see this ending well?
What's most interesting is the possibility of Stephen Elop becoming Microsoft's new CEO. Some people have alleged this buyout was his plan all along and I'm not entirely convinced they're wrong.
The timing of the announcement essentially killed both Symbian and MeeGo. That wouldn't be particularly odd except for the fact it was shortly before Nokia's last Symbian phone went on sale and more than a year before the first Nokia Windows Phone. Combine that with Elop's previous stint as a Microsoft exec and his apparent future as their CEO and it has the stink of corruption at the very least.
Ok, jokes aside, I really don't know what this will mean for the mobile market. It could very well be a good thing. I guess it all depends on Google and Microsoft though, as we know that there's not a snowball's hope in Hell of Apple doing anything good for people. Though they did sign up with the NSA to spy on people later than the other 2... oh cripes - we're hosed!
I wouldn't be so quick to accuse Google of "signing up" with the NSA. They were the first company to start publishing data on government data requests and also the ones who pushed the government to let them provide at least general information about National Security Letters. In fact back in March, after a judge in California ruled NSL's illegal, they immediately filed a motion challenging 19 orders they had recently received.