The information technology industry has seen numerous mergers and acquisitions over the years and Microsoft is no exception. Microsoft's first acquisition was made in 1987, as it bought the company Forethought Inc., the creator of PowerPoint. Among the more recent key acquisitions of Microsoft are SwiftKey (2016), for 250 billion U.S. dollars; Mojang (2014), creators of Minecraft, for 2.5 billion U.S. dollars; Skype (2011), a popular communication tool, for 8.5 billion U.S. dollars; Nokia (2014), the Finnish multinational, well known for making cell phones, for 7.2 billion U.S. dollars; and LinkedIn (2016), the world's largest professional network on the internet.
Before its acquisition by Microsoft, Nokia was already the largest smartphone producer running Microsoft’s Windows Phone operating system. However, in comparison to iOS and Android, the global market share held by Windows Phone had been relatively low. Meanwhile, Nokia’s global market share declined from 30.2 percent in the first quarter of 2010 to merely 13.9 percent in the last quarter of 2013. While Microsoft hoped to improve the market share of its smartphone operating system through the acquisition of Nokia, the popularity of the Windows Phone OS has slipped from a 2.6 percent global market share in 2014 to 2.2 percent in 2015.