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March 8, 2011 03:22 am GMT
The strategic partnership between Microsoft and Nokia, announced in February, was regarded as auspicious by some and desperate by others, yet some specifics of the agreement were largely a mystery until today. Most notably, Microsoft was rumored to have led the partnership with hundreds of millions of dollars, outbidding Google (!) to woo the once-magnificent Finnish giant. Considering Google's sights are increasingly set on the low-cost phone market, it's interesting that they didn't just write a blank check. Or maybe Nokia didn't want to appear to be flattened underneath the Android machine. Either way, Microsoft won out in the end, and the settlement paid has been reported by Bloomberg to be over a billion dollars.Considering the sums involved in control of even a small segment of the mobile world, a billion doesn't even seem like much. But it is, of course, a billion dollars. The question is: even at that price, did Nokia sell itself short?
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1QC2HeZlkmA/
Microsoft Seeding Windows Phone 7 On Nokia With A Billion Dollars Up Front
The strategic partnership between Microsoft and Nokia, announced in February, was regarded as auspicious by some and desperate by others, yet some specifics of the agreement were largely a mystery until today. Most notably, Microsoft was rumored to have led the partnership with hundreds of millions of dollars, outbidding Google (!) to woo the once-magnificent Finnish giant. Considering Google's sights are increasingly set on the low-cost phone market, it's interesting that they didn't just write a blank check. Or maybe Nokia didn't want to appear to be flattened underneath the Android machine. Either way, Microsoft won out in the end, and the settlement paid has been reported by Bloomberg to be over a billion dollars.Considering the sums involved in control of even a small segment of the mobile world, a billion doesn't even seem like much. But it is, of course, a billion dollars. The question is: even at that price, did Nokia sell itself short?Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1QC2HeZlkmA/
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