Techmeme
September 3, 2013, 1:30 PM

Top News

Microsoft:
Microsoft to acquire Nokia's devices & services business, license Nokia's patents and mapping services  —  Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially …
Joshua Topolsky / The Verge:
Steve Ballmer on Microsoft's future, and whether Stephen Elop is the next CEO  —  A Q&A with the Microsoft CEO on the eve of his $7.2b purchase of Nokia  —  In a surprising move early Tuesday, Microsoft announced that it would be acquiring Nokia's devices and services division …
Ben Thompson / stratechery:
The Deal That Makes No Sense  —  Early this morning Microsoft acquired Nokia for €3.79 billion (plus €1.65 billion for patents).  It is a deal that makes no sense.  While industry observers love to pontificate about mergers and acquisitions, the reality is that most ideas are value-destoying.
David Pierce / The Verge:
Microsoft buys Nokia's devices unit in a $7.2 billion bid for its mobile future  —  That's one way to become “a devices and services company”  —  One of the most enticing “what-ifs” of recent years has come true: Microsoft has purchased Nokia's Devices and Services unit, bringing the Lumia lineup under the Redmond roof.
Kevin C. Tofel / GigaOM:
Let's get real: Nobody will license Windows Phone or Windows RT now  —  At a high level, it may sound like Microsoft's $7.17 billion deal to buy Nokia's Devices and Services business is similar to Google's $12.5 billion acquisition of Motorola in 2011.  As such, Microsoft will still be licensing …
Horace Dediu / asymco:
Who's buying whom?  —  When a prosperous company buys a struggling company you have to wonder what they're really buying.  —  Here's how to think about it.  A company is defined as the sum of three values: resources, processes and priorities (RPP).  Everything of value can be classified into these three categories.
Microsoft:
Jim Dalrymple / The Loop:
Apple announces special event for September 10  —  Apple on Tuesday sent out invites for a special event to be held on September 10, 2013 at the company's Cupertino, Calif. headquarters.  According to the invitation I received today, the event will start at 10:00 am PT.
Nick Wingfield / NYT Bits:
Amazon Pairs Print and Digital Books With New Program  —  For most readers, print and electronic books are an either-or proposition.  There just isn't a compelling reason to buy both editions of one book, at least not at full price.  —  Amazon is about to test how much appetite …
Sam Byford / The Verge:
8GB Nexus 4 sells out on Google Play, and it isn't coming back  —  After Google gave its Nexus 4 a $100 price cut last week, the 8GB version of the phone is now sold out on the Play store.  It appears that the price reduction was more of a clearance sale, however, as Google tells The Verge that the cheaper model will not be restocked.
Douglas MacMillan / Bloomberg:
Hangar Haggling With Ballmer Girds Twitter's CFO for IPO  —  Months after becoming Twitter Inc.'s finance chief, Mike Gupta is talking to banks about handling the company's initial public offering, a sign that the most anticipated stock-market debut since Facebook Inc. (FB) is getting closer — and that Gupta will play a key role in it.
Tweets: @joshconstine and @dmac1Thanks:@moesch
Amazon.com:
Introducing the All-New Kindle Paperwhite—The 6th Generation of Kindle  —  World's best-selling e-reader now even better—new display technology with higher contrast, next generation built-in light, faster processor, plus all-new reading features like Kindle Page Flip, Goodreads, Kindle FreeTime …

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