Should Nokia invest $7.2 billion in Bitcoins and what would happen if they did? - page 2.

greyhawk

hero member

Activity: 952

Merit: 1009

Quote

As for Nokia and Bitcoin: Why would they? Nokia can now focus on their core business which has long been tires. Yes, they make tires, and have been for decades.

Actually, no, that's Nokian Tyres, which came from the same "Ur"-company as Nokia originally, but have been an independent company for 20 years.

yakuza699

hero member

Activity: 935

Merit: 1002

well not 7.2 billion but at least 100 millions it would be great for them and bitcoin i think.

Bitcoinpro

legendary

Activity: 1344

Merit: 1000

they have total assets and equities of 50 Billion, how can the company be bought for so little, Nokia have never even really tried to compete with Apple and Samsung IMO

Bitcoinpro

legendary

Activity: 1344

Merit: 1000

As far as i knew Nokia owns GSM and would be considered one of the most valuable companies in the world, don't ask me why its almost a penny stock and being bought by Microsoft for only 7.2 Billion

posormo

member

Activity: 109

Merit: 10

wow, thanks for pasting the entire story and linking to the lame blog. My opinion, they'd be muppets for pissing away 7.2 billion on bitcoin. Almost as stupid as that blog.

wopwop

sr. member

Activity: 252

Merit: 250

I agree with your opinion

NOT... stupid blog

LiteCoinGuy

legendary

Activity: 1148

Merit: 1011

In Satoshi I Trust

haha, nice idea but for such a big company its to risky i guess. but they could invest a tiny part of the 7.2 $ billions, that would be nice. like google did.

what do you think ;-) ?

cryptocoinsnews

sr. member

Activity: 299

Merit: 250

Microsoft has announced that it plans to acquire Nokia’s devices and services business, as well as license its patents and mapping services in a $7.2 billion deal.

The transaction, expected to close in the first quarter of 2014 pending approval from Nokia’s shareholders, will be paid in cash. Microsoft will pay $5 billion to buy the devices and services division and $2.2 billion to license the patents.

This gives Nokia a huge amount of funds that they can use to re-invest in their core business which is phones. What? Wait a second. They just sold their phones to Microsoft. So what will they now do with their massive stack of cash?

What if they invested the 7.2 billions in Bitcoins and other cryptocurrencies and became the leading tech company in the world for both mining, Bitcoin-related services and holdings. What would this do for the Bitcoin-community?

http://www.cryptocoinsnews.com/2013/09/03/should-nokia-invest-7-2-billion-in-bitcoins-and-what-would-happen-if-they-did/

Discuss below.

Topic: Should Nokia invest $7.2 billion in Bitcoins and what would happen if they did? - page 2. (Read 2712 times)