All Posts Tagged Tag: ‘Stephen Elop’

Stephen Elop Talks Plans For Windows Devices

As previously reported, Microsoft announced that it is cutting 18,000 jobs within the next year, starting with 13,000 of them within the next six months. CEO Satya Nadella laid out the plans in an email to staff, which the company also made available to the public. He said more details would be forthcoming at the company’s earnings call next week. …

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Microsoft Now Officially Owns Nokia’s Devices & Services Business

Well, it’s official. Microsoft announced on Friday (as expected) that it has completed its acquisition of Nokia’s Devices and Services business. It’s been approved by shareholders, and all the government regulatory bodies. Microsoft can now go forward full-throttle with its plans for the buy. CEO Satya Nadella said, ‚ÄúToday we welcome the Nokia Devices and Services business to our family. …

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Stephen Elop To Take Over Xbox Division At Microsoft

When rumors of Microsoft’s next CEO began to circulate, Stephen Elop was said to be on the shortlist of candidates. It was reported that his leadership would lead to Microsoft getting rid of numerous businesses that weren’t core to its enterprise strategy. One of those businesses was Xbox, and now he’s about to get a lot more intimate with the …

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Here’s What’s Going On With The Microsoft CEO Situation

As you’re probably aware, Microsoft announced back in the summer that CEO Steve Ballmer would be stepping down after another twelve months. The company’s Board of Directors would begin a search for his replacement. The company has now given an update on the search, and no, they haven’t found the replacement yet. As Microsoft said from the beginning, they’re looking …

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Shareholders Reportedly Approve Microsoft Nokia Deal

Nokia shareholders today reportedly voted to approve the company’s sale of its phones unit to Microsoft. “At an extraordinary general meeting in Helsinki, the chairman of the meeting said 99.7 per cent of investors to have voted before the meeting had approved the transaction,” the Financial Times reports. “Those investors held four-fifths of the shares registered for the meeting.” Microsoft …

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Could Microsoft Soon Give Bing The Axe?

Former Nokia CEO Stephen Elop, who is one of the top candidates in a recently narrowed down list to take over Steve Ballmer’s job as Microsoft CEO, would reportedly consider killing Bing and selling the company’s Xbox business. Should Microsoft get of rid of Bing? Xbox? Let us know what you think in the comments. That is according to a …

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Microsoft CEO Search Reportedly Narrowed to Five Candidates

Since Microsoft CEO Steve Ballmer announced his retirement back in August, Microsoft’s board has been quickly searching for someone to replace him by the end of the year. Several candidates have popped up in the past few months, most notably Stephen Elop and Alan Mullaly (pictured). Elop is the former CEO of Nokia, which Microsoft bought shortly after Ballmer’s retirement …

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Microsoft Explains The Rationale Behind Its Nokia Purchase

By now, it’s no secret that Microsoft is purchasing Nokia’s Devices and Services business. With the purchase, Microsoft will integrate Nokia’s hardware business into its own to help push Windows Phone 8 forward. The market isn’t being too kind on the news this morning, but Microsoft assures its investors that the purchase will benefit them in the end. As part …

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Microsoft’s Nokia Purchase Is Causing Another Organizational Shuffle

Early this morning, Microsoft announced its intention to purchase Nokia’s Devices and Services business for $5 billion. It also paid $2.18 billion to license Nokia’s patents. It’s a deal that many are surprised didn’t come sooner, but Microsoft may have been waiting until it announced its reorganization before making the purchase. In an email sent to all Microsoft employees by …

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Microsoft Buys Nokia’s Phones Unit, Brings Elop Back

Microsoft and Nokia announced that the former will acquire the latter’s devices and services business for 3.79 billion Euros ($5 billion), and will pay 1.65 billion Euros ($2.18 billion) to license Nokia’s patents, bringing the total transaction price to 5.44 billion Euros ($7.17 billion) in cash. The deal will also bring Nokia CEO Stephen Elop, a former Microsoft employee, back …

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