MarketFoolery: 09.03.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 3 September 2013
⏱️ 19 minutes
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Summary
Microsoft gives Nokia investors $7.2 billion reasons to smile. CBS and Time Warner Cable kiss and make up. And Jarden buys Yankee Candle for $1.75 billion.
Transcript
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| 0:00.0 | It's Tuesday, September 3rd. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill joining me in studio today from Motley Fool 1, |
| 0:08.0 | Jason Moser and from Fool. |
| 0:10.0 | Taylor Markerman. |
| 0:12.0 | We're back, gentlemen. Back in the saddle. We are back. A little bit tenor and a little bit wiser. A little bit wiser. So thank you to our dozens of listeners for hanging in there for a week or so while we were off, we are back now we're going to talk about |
| 0:25.4 | the CBS Time Warner deal which an agreement has finally been reached a big deal in the consumer space with Yankee Candle being bought for a heck of a lot more |
| 0:38.8 | money than I ever would have guessed Yankee Candle was worth, but we have to start with a big deal of the day and |
| 0:44.8 | possibly of the month which is that Microsoft is buying Nokia's handset and |
| 0:50.0 | services businesses for the cool sum of 7.2 billion dollars. |
| 0:56.7 | Nokia's CFO was quoted as saying we feel this deal is a win-win for both companies. |
| 1:02.0 | Is it, Jason? If you look at the stocks today, it really seems |
| 1:07.1 | like it's a nice win for Nokia. Well, I mean, there's a very diplomatic sort of answer. |
| 1:11.7 | I mean, I think it's a bigger win for Nokia for sure because I mean they |
| 1:16.0 | were more or less at the end of their rope and I think that's this is troubling to me for |
| 1:21.2 | Microsoft because I feel like this is sort of a little bit, you know, too late for them to try to play catch up in that, in that device space and with your Googles and your apples, I mean, they've been perpetually trying to, trying to gain share on those guys, know and when I look at the initial thing |
| 1:35.4 | that stuck out to me here was I thought about back to the Google Motorola |
| 1:38.4 | acquisition and now we look at the Microsoft Nokia acquisition here and |
| 1:41.8 | and so this just to me it really shines a light on sort of the quiet winner in all of this. |
| 1:47.5 | And people probably won't think a whole lot about it. |
| 1:49.7 | But really I think that the quiet winner here is Apple, because it shows how well Apple controls |
| 1:55.0 | that entire environment, from the software |
... |
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