Get our introductory offer at only
$0
.99*/month
Cancel anytime
*$0.99/month for first 3 months
$29.90/month for the next 9 months
You are here
SUBSCRIBERS
Microsoft's US$7.5b lesson in Nokia blunder
US tech giant's new CEO gets credit for swiftly confronting reality and taking the hit to earnings
Microsoft Corp, which reported its biggest-ever quarterly loss last week, wrote off US$7.5 billion on Nokia's phone unit, which it had bought a little over a year ago for what it said was US$9.5 billion.
PHOTO: REUTERS
New York
MICROSOFT Corp, which reported its biggest-ever quarterly loss last week, wrote off US$7.5 billion on Nokia's phone unit, which it had bought a little over a year ago for what it said was US$9.5 billion.
Considering that the deal included US$1.5 billion in cash, the write-...
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
