7/10/2023 0 Comments Yahoo games restaurant rush![]() ![]() ![]() In 2015, the acquisition was written down for $7.6B. Ballmer left Microsoft that same year and new CEO Satya Nadella had to do significant restructuring and layoffs to streamline the company, including cutting 15,000 Nokia employees. But the acquisition quickly turned into a flop as their new joint project, the Lumia phone line, didn’t garner the developer and carrier partnerships needed for the phone to catch on. Ballmer led Microsoft’s purchase of Nokia for over $7B in a deal finalized in 2014. In 2013, Microsoft CEO Steve Ballmer saw an opportunity in Nokia, a Finnish phone company that was losing ground to competitors. While November 2010 saw the release of the new Windows Phone with a new platform, it never caught on with consumers. Microsoft was late to the mobile game and quickly fell behind Apple and Android in the platform wars.
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