How is it possible that a chatting app is worth 4 billions and Nokia is sold for 7?

//How is it possible that a chatting app is worth 4 billions and Nokia is sold for 7?

How is it possible that a chatting app is worth 4 billions and Nokia is sold for 7?

Nokia shareholders approved the 7.2 BN dollars deal for sale of all devices to Microsoft. This tech giant only couple years ago was worth much more, but it lost the battle with iPhone.

With the deal come the 32 thousand employees whose employer now is Microsoft. The employees were a huge weight for Nokia’s profits.

There are couple of divisions that will stay with Nokia, mostly in the networking and R&D area.

It is strange though that a 23-year-old turned down a 4 BN dollars deal for his chatting Google app, and Nokia sold almost it’s entire business for 7.2 BN.

2013-11-22T21:40:48+00:00 November 22nd, 2013|Uncategorized|0 Comments