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Microsoft’s Nokia acquisition not a mistake, claims CEO

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Microsoft’s Nokia acquisition not a mistake, claims CEO

Microsoft’s CEO has denied that the company’s multi–billion dollar buyout of Nokia was a failure, despite writing off the acquisition earlier this month.

Speaking with the BBC after the official launch of the Windows 10 platform, Satya Nadella said “that’s not how to look at it,” when asked if the Nokia buyout had failed.

“When you acquire and you bring large organisations together there is a certain amount of unfortunate rationalisation that happens.”

The ‘unfortunate rationalisation’ has resulted in the the loss of 7,800 jobs around the globe, with the company taking an impairment charge of £4.93 billion on the acquisition. The latter caused Microsoft to report its worst-ever quarterly loss.

While Windows 10 is set to scale down and work on smartphones, it appears Nadella is less interested in breaking the dominance of Apple and Google than his predecessor Steve Ballmer.

Instead, he has led a charge towards making Windows 10 apps easily transferrable to Android and iOS, believing that's the way to convince users to switch to Microsoft products.

Speaking about these plans, Nadella said: “If you're using a lot of Microsoft applications on these other platforms, you might in fact find any one of our devices pretty attractive in your life."

Source:

BBC

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