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Microsoft loses $18 bn on Nokia deal

<a href="http://www.shutterstock.com/gallery-511180p1.html?cr=00&pl=edit-00">Peteri</a> / <a href="http://www.shutterstock.com/?cr=00&pl=edit-00">Shutterstock.com</a>
Bloomberg
Last Updated : Sep 06 2013 | 12:12 AM IST
Microsoft Corp's $7.2 billion takeover of Nokia Oyj's handset business cost shareholders more than twice that as it dashed hopes for a fresh start under Steve Ballmer's successor.

The world's largest software company lost $18 billion in market value since the purchase of Nokia's mobile-phone assets was disclosed, erasing all of the gains that followed the announcement last month that Ballmer is retiring, according to data compiled by Bloomberg.

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First Published: Sep 05 2013 | 11:40 PM IST

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