NEW YORK ( TheStreet) -- People are still stunned after Microsoft (MSFT) finally made it official that it was acquiring Nokia's (NOK - Get Report) mobile phone business, along with Nokia's strong patent estate, for 5.44 billion euros ($7.2 billion). But the deal, I believe, has been in the works for more than two years.Contrary to what investors wish to believe, there's no question that Nokia, which was in a cost-cutting mode for more than a year, was cleaning up its books in anticipation of this deal. By now, everyone should have had a chance to sort through the details. The only question is what happens next?
What's Next After Nokia Hangs Up the Phone?
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.