Bureau Chief, Helsinki
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Sep 30, 2013

Finnish Grand Cru looks beyond Supernauts launch

HELSINKI (Reuters) – Grand Cru, widely seen as the next big player in Finland’s gaming industry which has spawned the likes of Rovio’s Angry Birds and Supercell’s Clash of Clans, is already working on a new game although it has yet to launch its first.

Chief Executive Markus Pasula started the company in 2011 with seven other gaming industry veterans. The founders’ experience has helped them secure nearly 13 million euros ($18 million) in funding, including 8.5 million euros in July from a group led by French private equity investor Idinvest Partners and including Qualcomm Ventures and Nokia Growth Partners.

Sep 25, 2013

Exclusive: Nokia weighs Alcatel tie-up after Microsoft deal – sources

NEW YORK/HELSINKI (Reuters) – Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company’s review of how it can grow after the planned sale of its handset business to Microsoft Corp, several people close to the matter said.

No formal talks are underway with Alcatel-Lucent, the sources said. One of the people close to the matter said Nokia held “on again, off again” discussions about buying Alcatel’s wireless business as recently as late 2012 and that the two companies could still come back to the table.

Sep 25, 2013

Nokia weighs Alcatel tie-up after Microsoft deal -sources

NEW YORK/HELSINKI, Sept 25 (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research) is
discussing internally whether to approach French rival
Alcatel-Lucent (ALUA.PA: Quote, Profile, Research) about a tie-up, part of the Finnish
company’s review of how it can grow after the planned sale of
its handset business to Microsoft Corp (MSFT.O: Quote, Profile, Research), several people
close to the matter said.

No formal talks are underway with Alcatel-Lucent, the
sources said. One of the people close to the matter said Nokia
held “on again, off again” discussions about buying Alcatel’s
wireless business as recently as late 2012 and that the two
companies could still come back to the table.

Sep 4, 2013

Savior or slayer? Either way, Nokia’s Elop a contender for Microsoft chief

SEATTLE/HELSINKI (Reuters) – When a British bookmaker installed Stephen Elop as favorite to take over the soon-to-be-vacant CEO slot at Microsoft Corp last week, most tech observers laughed it off as a publicity stunt.

But Microsoft’s purchase of Nokia’s handset business, announced late on Monday, has suddenly made Elop one of the most visible candidates for the top spot at the company where he once worked.

Sep 4, 2013

Newsmaker: Saviour or slayer? Either way, Nokia’s Elop a contender for Microsoft chief

SEATTLE/HELSINKI (Reuters) – When a British bookmaker installed Stephen Elop as favorite to take over the soon-to-be-vacant CEO slot at Microsoft Corp (MSFT.O: Quote, Profile, Research) last week, most tech observers laughed it off as a publicity stunt.

But Microsoft’s purchase of Nokia’s (NOK1V.HE: Quote, Profile, Research) handset business, announced late on Monday, has suddenly made Elop one of the most visible candidates for the top spot at the company where he once worked.

Sep 4, 2013

Microsoft swallows Nokia’s phone business for $7.2 billion

HELSINKI/SEATTLE (Reuters) – Microsoft Corp will buy Nokia’s phone business and license its patents for 5.44 billion euros ($7.2 billion), a bold foray into mobile devices that also brings potential chief executive contender Stephen Elop back into the fold.

Two years after hitching its fate to Microsoft’s Windows Phone software, the Finnish phone maker that once dominated the global market collapsed into the arms of the U.S. software giant, its mobile business ravaged by nimbler rivals Apple Inc and Samsung Electronics.

Sep 3, 2013

Insight: As Finland reels, Microsoft doubles down with Nokia phone deal

HELSINKI/SEATTLE (Reuters) – In an era when shiny new tech start-ups can be worth tens of billions of dollars, Microsoft’s deal to acquire Nokia’s mobile handset business for 5.44 billion euros ($7.2 billion) is a modest one from a strictly financial point of view.

Yet the deal is likely to go down as a major turning point in the contemporary technology business, one that marks the end of a Finnish company’s unlikely run as world-beating tech icon even as it shapes the future of Microsoft Corp – for better or for worse.

Sep 3, 2013

As Finland reels, Microsoft doubles down with Nokia phone deal

HELSINKI/SEATTLE, Sept 3 (Reuters) – In an era when shiny
new tech start-ups can be worth tens of billions of dollars,
Microsoft’s deal to acquire Nokia’s mobile handset business for
5.44 billion euros ($7.2 billion) is a modest one from a
strictly financial point of view.

Yet the deal is likely to go down as a major turning point
in the contemporary technology business, one that marks the end
of a Finnish company’s unlikely run as world-beating tech icon
even as it shapes the future of Microsoft Corp – for
better or for worse.

Sep 3, 2013

Nokia to sell handset biz to Microsoft for $7.2 billion

HELSINKI/SEATTLE (Reuters) – Two years after hitching its fate to Microsoft’s (MSFT.O: Quote, Profile, Research) Windows Phone software, a withered Nokia (NOK1V.HE: Quote, Profile, Research) collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros.

Nokia, which will continue as a maker of networking equipment and holder of patents, was once the world’s dominant handset manufacturer but was long since overtaken by Apple APPL.O and Samsung (005930.KS: Quote, Profile, Research) in the highly competitive market for more powerful smartphones.

Sep 3, 2013

Nokia to sell handset business to Microsoft for 5.44 billion euros

HELSINKI/SEATTLE (Reuters) – Two years after hitching its fate to Microsoft’s Windows Phone software, a withered Nokia collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros (4.6 billion pounds).

Nokia, which will continue as a maker of networking equipment and holder of patents, was once the world’s dominant handset manufacturer but was long since overtaken by Apple and Samsung in the highly competitive market for more powerful smartphones.