HELSINKI (Reuters) - Microsoft Corp announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple and Samsung.
Such a deal would be an alternative to the preliminary agreement reached weeks ago with a group, led by BlackBerry's biggest shareholder, Fairfax Financial Holdings , to take the company private for about USD 4.7 billion.
South Korea's LG Electronics hasn't been so smart with its smartphone business. Its mobile phone division has suffered five consecutive quarterly losses, cutthroat competition is pressuring it to overhaul the business and its shares have plummeted.
In an exclusive interview with CNBC-TV18, Soota shares his reasons for the surprising farewell to MindTree. He says the unpredictable move was because of personal reasons and adds, “It was destiny and I was intended to do another start-up.”