It’s not news anymore, but Microsoft is acquiring Nokia for a pocket change of US$ 7.2 billion.
This is for a company that, just six years back had a market capitalization of US$ 145 billion, and US$ 20 billion a year ago.
“It’s a bold step in the future,” says the Microsoft chief Steve Ballmer. Time would tell that…and time, as Mr. Ballmer must know is very important when decisions are irreversible.
By the way, Microsoft lost US$ 15 billion from its market cap after announcing this US$ 7.2 billion acquisition! 😮