Perhaps the hottest deal on air now is Microsoft’s recent acquisition of Nokia mobile for the large and worthwhile price of €5.44bn (£4.61bn). In this singular move, Microsoft’s retiring boss, Steve Ballmer thinks this is the company’s best way of dominating the mobile market that is already occupied by Apple and Google.
On a sad note, Nokia phone’s boss Risto Siilasmaa said that “The industry is becoming a duopoly with the leaders building significant financial momentum. Nokia alone doesn’t have the resources to fund the required acceleration.” This in effect means that Apple and Google have grown so powerful and financially strong that Nokia alone can not break them. Read more “Microsoft acquires Nokia phone business just to challenge Apple and Google Android!”