Earlier today, Microsoft announced that it plans to acquire all of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services, paying EUR 3.79 billion for Nokia’s Devices & Services business and EUR 1.65 Billion to license Nokia’s patents, for a total transaction price of EUR 5.44 billion in cash. This wasn't much of a surprise since many anticipated it when Nokia's board hired Stephen Elop, an ex-Microsoft Employee, as the company's Chief Executive Officer. Now that he's stepped down from the position and will be leading an expanded Devices team at Microsoft, here's a timeline of key events at Nokia since it hired Elop: - September 2010: Nokia fired its then CEO, Olli-Pekka Kallasvuo only to replace him with Microsoft senior executive Stephen Elop. Elop was the head of Microsoft Business division and was responsible for its Office suite, applications for enterprise customers, and its unified communications arm. - February 8, 2011: Elop sent out a memo to Nokia employees which is now popularly know as Burning platform memo. In the memo, Elop stated that Nokia was standing on a burning platform and faced stiff competition from Google's Android and Apple's iPhone. He also highlighted that while Nokia had some innovations within the country it wasn't able to bring them to the market fast enough. Read the Burning Platform memo here. - February 11, 2011: The Burning Platform memo was a just precursor to Nokia's eventual shift towards Microsoft's Windows Phone platform and dropping support for its own Symbian smartphone operating…
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