David Rosenthal: uncertainty

Transcript context

…My understanding of the timeline is there’s a $7.5 billion offer on the table. Steve mulls it over, plays with it, is for it, proposes it to the board, and exactly the board comes back and says, hey, there’s not support for this. After that happens, a series of discussions start and culminate. We’re in late summer, early fall 2013 when all this goes down. On August 23rd, 2013, Microsoft and Steve Ballmer announced that he is retiring within the next 12 months, and that the board and the company have started the search for a successor as CEO. That was August 23rd, 2013. On September 3rd—10 days later—Microsoft agrees to buy Nokia’s mobile unit for $7 billion. We heard a bunch of different stories. How it went down, we don’t know exactly, but the fact pattern is Steve announced that he was leaving. Ten days later, Microsoft agreed to buy Nokia. The question remains, who bought Nokia?…

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