Financial management Assignment Example | Topics and Well Written Essays - 500 words - 2

Financial management - Assignment Example The completion of the acquisition marks the first step in bringing these two organizations together as one team (Microsoft, 2014). Where do Nokia and Microsoft go from here? Since the deal was first announced last September, it was evident that this was a win-win situation for both sides. Nokia can get on with growing its solutions and networks division without the albatross of its money-losing mobile phone unit around its neck (fool.com, 2014). For Microsoft, a late transition to  the 21st  century will be realized in the next couple of days. Its about time. The completion of the Nokia Devices and Services business acquisition April 25 will enable Microsoft to accelerate its share of smart phones and feature phones in developed and emerging markets, and increase its role as a devices and services company. (Local news now, 2014). Microsoft will target the affordable mobile devices market, a $50 billion annual opportunity, delivering the first mobile experience to the next billion people while introducing Microsoft services to new customers around the world (Microsoft, 2014).   Microsoft will continue to deliver new value and opportunity, and it will work closely with a range of hardware partners, developers, operators, distributors and retailers, providing platforms, tools, applications and services that enable them to make exceptional devices. With a deeper understanding of hardware and software working as one, the company will strengthen and grow demand for Windows devices overall (marketwatch, 2014). Industry watchers thought it was a "win-win solution" for both of the enterprises. "Microsoft has always been trying to expand its mobile Internet market, and Nokia, whose manufacturing technology for handsets is advanced, urgently needs to look for a savior," Cao Yujie, director of consultants for IT market research agency CCW Research, told the Global Times. Forgoing the