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[return to "Today was the last day of Nokia as we knew it"]
1. frik+M5[view] [source] 2014-04-25 09:25:13
>>sirkne+(OP)
The Nokia fate will be remembered as hostile takeover. Everything worked out in the favor of Microsoft in the end. Though Windows Phone/Tablet have low market share, a lot lower than expected.

* Stephen Elop the former Microsoft employee (head of the Business Division) and later Nokia CEO with his infamous "Burning Platform" memo: http://en.wikipedia.org/wiki/Stephen_Elop#CEO_of_Nokia

* Some former Nokia employees called it "Elop = hostile takeover of a company for a minimum price through CEO infiltration": http://gizmodo.com/how-nokia-employees-are-reacting-to-the-m...

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2. Homine+Ic[view] [source] 2014-04-25 12:13:45
>>frik+M5
I figure how Elop pitched himself was "Let's try something crazy, and hey, we always have a plan B, I have an in at Microsoft." CEOs may have significant power, but they can't just sell the company with no buy in from major shareholders.
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3. tanzam+kV[view] [source] 2014-04-25 19:51:36
>>Homine+Ic
99.52% of votes were cast in favor of the Microsoft acquisition at Nokia's Extraordinary General Meeting on November 19, 2013.

But that's not what makes this a friendly takeover, because shareholders also have to approve hostile takeovers. This acquisition is a friendly takeover because the Board is in favor.

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