Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

BlackBerry Rises After Microsoft Agrees to Buy Nokia Phone Unit

Don't Miss Out —
Follow us on:

Sept. 3 (Bloomberg) -- BlackBerry Ltd., the struggling Canadian smartphone maker weighing a sale, jumped in early U.S. trading after Microsoft Corp. agreed to acquire Nokia Oyj’s handset business in a $7.2 billion deal.

The shares advanced 3.3 percent to $10.45 at 7:52 a.m. New York time. They have fallen 6.1 percent since Aug. 12, when BlackBerry announced it was weighing a sale, and are down 15 percent this year.

A BlackBerry board committee began exploring a sale of the Waterloo, Ontario-based company last month while also studying partnerships to rescue it from a three-year sales slide that has slashed its market value by about 90 percent.

Microsoft agreed to buy BlackBerry rival Nokia’s handset business and license its patents, casting together the lot of two technology companies trying to stay relevant against more fleet-footed rivals. Both Nokia and BlackBerry have lost market share to Apple Inc. and devices running Google Inc.’s Android software.

Link to Company News:{NOK1V FH <Equity> CN <GO>} Link to Company News:{BB CN <Equity> CN <GO>} Link to Company News:{MSFT US <Equity> CN <GO>}

To contact the reporter on this story: Ville Heiskanen in Helsinki at

To contact the editor responsible for this story: Ville Heiskanen at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.