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He sold a loss-making business for $4 billion without giving up the brand or any other long-term IP. I wish I could blow my failed ventures so horribly. And it
by pavlov 6y ago
He sold a loss-making business for $4 billion without giving up the brand or any other long-term IP.
I wish I could blow my failed ventures so horribly. And it indeed was a failed venture by the time Elop got there.
- huihe9849hjjgkg 6y agoHow do you sell a business four billion? Easy, start with a business worth $30 billion.
- pavlov 6y agoThe mobile devices unit was on a rapid trajectory towards zero already in 2010. In an alternate reality where Vanjoki bet the company on Meego, that business would still be bankrupt today, just without the $4B payment from Microsoft. Nokia kept the parts of their business that actually were worth something, and used the MS money to buy more marketshare in networks. It was a good deal.