Microsoft: Another Scandinavian Deal
September 4, 2013
I read “The Deal That Makes No Sense.” The main point is that Microsoft’s purchase of Nokia for 3.79 billion Euros is ill advised in the opinion of the author. I would like to remind my two or three readers that Microsoft paid $1.2 billion in 1989 for the Fast Search & Transfer SA company. Shortly after that deal closed in early 2008, Fast Search came under scrutiny for financial reports. The Fast Search system is now at its end of life. I am not sure that Microsoft’s purchase of the Scandinavian enterprise search vendor made much sense either. In terms of dollars, Nokia may actually have more value than the Fast Search acquisition. The is faint praise. Both of these acquisitions are likely to be in a race to reveal which company was a better deal. Microsoft seems to have a soft spot for Scandinavian technology companies.
Stephen E Arnold, September 4, 2013
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