4 ms·
Nokia's most recent quarterly had them sitting on $4 billion EUR of cash ($5.2 billion), with barely any burn. I don't think the company was poised to go bankru
by corresation 13y ago
Nokia's most recent quarterly had them sitting on $4 billion EUR of cash ($5.2 billion), with barely any burn. I don't think the company was poised to go bankrupt anytime soon.
Either Microsoft is completing a long planned purchase, or Nokia threatened to dabble in Android. Other than that the purchase is irrational.
- tanzam75 13y agoThat was at the end of June. In August, they spent about €2.2 billion buying out Siemens' stake in Nokia Siemens Networks. This could very well have caused some short-term cash flow issues. Which also explains Microsoft's offer to finance Nokia at extremely low interest bonds. Long-term, NSN is generating positive cash flow and ought to be able to pay for itself.