Nokia Deal Gives Microsoft Shot at No. 3: Thompson

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Sept. 3 (Bloomberg) -- Microsoft agreed to buy Nokia’s handset unit and license its patents for 5.44 billion euros ($7.2 billion), seeking to revive two smartphone businesses that have struggled for a half-decade to gain share against Apple and Google. Bloomberg Contributing Editor Nick Thompson speask with Betty Liu on Bloomberg Television's "In The Loop." (Source: Bloomberg)

They will also be reinvesting $9 billion over three years.

They also have some cash left over to potentially execute on some acquisition near home in europe.

Those last two things are things that other of wireless carriers are not able to do.

From the standpoint of vodafone, it seems like a pretty good deal.

Thank you, cristina alesci.

Staying on telecom, we are focusing on microsoft and its deal to buy nokia's smartphone and hansen business.

I want to bring in dick thompson.

You put it well in your note.

You said it was two struggling companies come together.

Does that mean success?

The line going around the internet is when two turkeys mate, they do not make an eagle.

I do not merely see the downside here.

Microsoft gets a real chance to become the no.

3 player in the smartphone business.

And they get steven elop back, who they considered a successor to steven ballmer.

My curiosity is whether ballmer signal to him that he would be leaving, which made him more year to get the deal done.

Maybe that is not the case, but without question, and getting elop was a big factor for microsoft.

Elop being pushed out to the number one in terms of succeeding ballmer.

But you say this is not a great situation for nokia.

You feel terrible for the company.

It was 20% of the land's corporate tax profit.

-- finland's corporate tax profit.

They are getting something for it and they have some terrible numbers of coming, so they had to sell.

They were beaten at the high and by iphone come and at the low end by android.

They still make good software -- hardware, but they have made a number of that software decisions, and you could

This text has been automatically generated. It may not be 100% accurate.

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