Elop: Microsoft Paying Nokia Billions


On Sunday, Stephen Elop, CEO of Nokia shared with the world that Microsoft is paying Nokia billions to replace their present software with Windows Phone 7.

The deal between Microsoft and Nokia was unveiled on Friday which stated that the Finnish company would join hands with Microsoft to adopt their software for the smartphones. However, on Sunday Elop stated that the deal was for billions of dollars from the software giant to adopt their software.

Though the announcement came as quite sad news for some employees as they went home early from work and not to mention the stock dived in 14 percent on Friday. Nonetheless Elop stated that this was all for the best of company. He even made it public that they were approached by Google Inc. to persuade the change be brought to Nokia by incorporating Android as their chief software.

Former Microsoft employee, Elop joined Nokia back in September so that the company would once again be what it was before and not just rest on its laurels. He was even questioned about his motives in Barcelona at the World Mobile Congress 2011 event asking if he was a Trojan horse; someone who would streer the company back in the direction of Microsoft so Elop said “The obvious answer is ‘No,’ Thanks for asking.”

He added that the decision to go with Microsoft’s software was unanimous in Nokia’s senior management and the board approved the deal on Thursday night.

 

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