Nokia’s board of directors is indeed in a state of flux during this period.

It can be said that there are pursuers behind and rivers in front. There is no way to retreat and no way to advance.

The pursuer is of course the huge debt Nokia incurred in order to develop the Symbian system and launch smartphones based on the Symbian system.

When Symbian was selling well, Nokia believed that Symbian was its future, so it concentrated all its firepower on developing the Symbian system and vigorously launched different models of Symbian mobile phones.

So at that time, Nokia recruited a large number of workers in construction factories. It even established experimental centers in different countries and recruited a large number of mobile phone talents, hoping to make Symbian mobile phones bigger and stronger.

Unexpectedly, the Symbian mobile phone did not bring a strong era to Nokia, but instead brought Nokia directly into a pit.

Blind expansion caused Nokia to owe huge debts.

The front Jianghe is of course in the Android and iOS camps.

The Android and iOS camps have achieved unexpected success in the past two years.

If Nokia spent a huge amount of money, launched overwhelming advertising, and launched a large number of Symbian mobile phones, it allowed consumers around the world to clearly understand the difference between smartphones and feature phones.

Then Android and iOS tell consumers that if you want to use a smartphone, you must buy Android or iOS.

Therefore, the smartphone concept that Nokia worked so hard to launch has become a wedding dress for others.

While the board of directors is busy paying off debts, it usually tries to find ways to make money.

In the end, the strong pressure caused Nokia's board of directors and all shareholders to collapse and decided to package and sell Nokia's mobile phone business.

At the beginning, Nokia's board of directors hired a professional organization to evaluate Nokia's mobile phone business.

The final valuation is approximately 10 billion US dollars.

This 10 billion yuan includes all industries of Nokia's mobile phone business, including the R&D department, its own production plants, machinery and equipment, land ownership, and even intellectual property technology, etc.

But valuation is one thing. Whether you can sell it after you estimate the value is another matter.

Just like a jade seller, he values ​​his jade at 10 billion, but eventually someone has to buy it, and the 10 billion will count.

Nokia is currently a hot potato for the entire mobile phone industry.

Whoever takes over is finished.

Therefore, Nokia's board of directors is trying every possible means to negotiate a cooperation with Microsoft, and selling itself for US$7 billion is quite good.

Little did we know that Microsoft, which has always had a good cooperative relationship with Nokia and jointly launched the Windows Phone system, was not interested in Nokia either.

Microsoft casually offered a price of US$5.5 billion, paid in installments, and included a large number of equity transactions.

This makes Nokia very uncomfortable, because cooperation with Microsoft cannot solve the foreign debt owed by Nokia's mobile phone business.

Moreover, Microsoft's attitude is that I just gave you a price at will. If you agree to the price, then we will continue the negotiation. The conditions for negotiation will definitely be quite harsh, and we cannot afford to wait for a price reduction at this time.

What gives Nokia's executives a headache is the technology companies or capital around the world. Except for Microsoft, which is willing to reluctantly accept Nokia's mobile phone business unit, no capital or technology company is willing to take over.

The mobile phone industry used to be a fragrant steamed bun, but now it is like a smelly piece of shit that everyone avoids.

Just when Nokia's top management was having a headache and couldn't think of a way to prepare for a debt default.

CEO Kevinson actually brought some great news.

Kevinson reported to the board of directors: "Changtian Technology is willing to acquire Nokia's entire mobile phone business for $6 billion in cash."

After Kevinson reported the situation, the entire conference room was silent.

The first reaction of all the directors on the board of directors was disbelief.

"Mr. Kevinson, are you sure Changtian Technology is willing to acquire our mobile phone business for $6 billion in cash?"

"You should know that when we approached Changtian Technology for cooperation, we were turned away by Changtian Technology."

After one director raised such a question, many directors asked questions one after another.

"Six billion dollars in cash is not a small number."

"Is this news true?"

Kevin Kevinson is actually not a senior figure in the entire Nokia system.

The reason why he was brought to the forefront is just as a transitional figure or a scapegoat.

When Nokia's mobile phone business is sold entirely or declares bankruptcy, Kevinson's mission will be over.

Who knew that such a CEO, who was not valued by Nokia's board of directors, would actually come over to report the situation and say that Changtian Technology was willing to acquire Nokia's mobile phone business.

This is totally a timely help!

Under everyone's doubts, Kevinson immediately came up with the acquisition plan sent by Simpson.

"This is the acquisition agreement given by Changtian Technology. The agreement clearly states that the acquisition will be in cash, and as long as we are willing to cooperate, the entire acquisition process can be completed within a week."

The members of the board of directors read through the Changtian Technology agreement one after another, and they were very excited.

Judging from the content of the agreement, Changtian Technology is serious this time.

The entire agreement plan is also very complete. Even the employees of Nokia's mobile phone business department are included in the plan. Small details such as how to arrange the mobile phone business after it is acquired by Changtian Technology are also reflected in the plan.

The board of directors began to inquire in detail about the details of Kevinson's acquisition.

Because the acquisition agreement was also negotiated between Simpson and Changtian Technology, and Kevin was just passing on a message, so Kevin was busy and called Simpson in.

After seeing Simpson, the directors on the board of directors were filled with emotions.

Simpson is considered the old man of Nokia.

He was once the president of Nokia's Asia-Pacific region, and his most important task was to be responsible for the sales of Nokia's mobile phones in the Asia-Pacific region.

Simpson once established a very good relationship with Changtian Technology, and even had a very good personal relationship with Chen Xiao.

But it was precisely because of these reasons that when the rift between Nokia and Changtian Technology became wider and wider, Simpson was abandoned by Nokia.

I didn't expect that Nokia would be in its most critical moment, when it needed cash the most.

This veteran of Nokia stood up at the critical moment and brought the acquisition plan of Changtian Technology.

After Simpson entered the conference room, the entire meeting lasted for two full days.

Eventually Nokia's board of directors settled on a principle.

Now is not the time to bargain with Changtian Technology.

Now the task is to sell Nokia's mobile phone business and obtain cash as quickly as possible to repay debts and keep Nokia's communications business alive.

Thank goodness there is a company willing to emerge and acquire Nokia's mobile phone business.

Now I am bargaining with Changtian Technology. If Changtian Technology is angered, I will clap my hands and say that I will no longer acquire it.

The days left for Nokia are really numbered.

Therefore, Nokia's board of directors unanimously decided to fully agree to Changxian Technology's acquisition plan, without imposing conditions or delaying time, and fully cooperate with it.

In fact, what Nokia needs to cooperate with is to actively make this acquisition plan recognized by Finland and the European Union.

After all, such a blockbuster acquisition plan has already touched the relevant commercial regulations of the European Union.

The acquisition plan must be reviewed by the relevant EU technical committees before it can be implemented.

However, Nokia was already in the advanced stage of cancer at this time, and the wound continued to bleed.

All European countries, including Finland, where Nokia is headquartered, avoid Nokia and hope to deal with Nokia's problems as soon as possible.

Now, of course, everyone wants to meet a taker.

When Simpson informed Nokia's directors, Changtian Technology CEO Wang Xiang was in Finland at this moment.

The chairman of Nokia personally received Wang Xiang and held a grand welcome ceremony for Wang Xiang.

One day later, the two parties jointly signed an agreement at Nokia headquarters regarding Changtian Technology's acquisition of Nokia's mobile phone business.

Agreement stipulations.

Point 1: Changtian Technology fully acquired Nokia’s mobile phone business and corresponding intellectual property rights with $6 billion in cash.

One of the key points in the first point is that Changtian Technology can use the Nokia brand in the field of mobile communications.

Point 2: Changtian Technology will pay off the acquisition amount within one week of completing the acquisition process.

Point 3: After Changtian Technology completes the acquisition of the mobile phone business, it has three months as a boundary time to clean up the relevant employees of Nokia’s mobile phone business.

Among them, those employees that Changtian Technology is unwilling to hire will be dealt with by Nokia.

For employees who have not been laid off by Binchoten Technology within three months, the employee's employment contract with Nokia will be automatically transferred to Binchoten Technology.

This can be regarded as protecting the rights and interests of ordinary employees, so that these employees can be protected from being affected as much as possible during the education process between the two parties.

After the agreement was signed, Changtian Technology immediately transferred the first batch of 2 billion US dollars in cash to Nokia's account.

One month later, in July 2012, the two parties completed all acquisition procedures.

All the $6 billion went into the account at Nokia headquarters.

Chen Xiao sent Luo Ning to Finland to replace Wang Xiang and continue to complete the subsequent acquisition work with Nokia.

Wang Xiang returned to Changzezhou to take charge of the overall situation.

Changzezhou.
To be continued...