Transforming NOKIA: The Power of Paranoid Optimism to Lead Through Colossal Change

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14 BOLD MOVES CAN BE YOUR BEST BET

APRIL 2013–JULY 2013

Microsoft had hoards of offshore cash. They needed to invest it somewhere. Why not with us?

THE MICROSOFT NEGOTIATIONS were not the only thing on our plate. On April 1, 2013, Siemens publicly announced their intention to sell their share of NSN.¹ That spring, the 2007 joint venture agreement that had formed Nokia Siemens Networks was due to enter a new phase in which either party could force the other one to sell its share. Siemens had already quietly informed us that they would prefer to ...

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