Microsoft to Acquire Nokia's Devices & Services Business

Stefan Mileschin · 3rd September 2013, 08:05

Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia's Devices & Services business, license Nokia's patents, and license and use Nokia's mapping services.

Under the terms of the agreement, Microsoft will pay EUR 3.79 billion to purchase substantially all of Nokia's Devices & Services business, and EUR 1.65 billion to license Nokia's patents, for a total transaction price of EUR 5.44 billion in cash. Microsoft will draw upon its overseas cash resources to fund the transaction. The transaction is expected to close in the first quarter of 2014, subject to approval by Nokia's shareholders, regulatory approvals and other closing conditions.

http://www.techpowerup.com/190049/mi...-business.html

3rd September 2013, 08:05	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,462	Microsoft to Acquire Nokia's Devices & Services Business Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia's Devices & Services business, license Nokia's patents, and license and use Nokia's mapping services. Under the terms of the agreement, Microsoft will pay EUR 3.79 billion to purchase substantially all of Nokia's Devices & Services business, and EUR 1.65 billion to license Nokia's patents, for a total transaction price of EUR 5.44 billion in cash. Microsoft will draw upon its overseas cash resources to fund the transaction. The transaction is expected to close in the first quarter of 2014, subject to approval by Nokia's shareholders, regulatory approvals and other closing conditions. http://www.techpowerup.com/190049/mi...-business.html

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Nokia Threatens to Abandon Business in India	Stefan Mileschin	WebNews	0	25th August 2013 08:15
Ballmer restructures Redmond, focuses on services and devices	Stefan Mileschin	WebNews	0	12th July 2013 08:07
Microsoft to provide cloud services for city of Chicago in four year deal	Stefan Mileschin	WebNews	0	4th January 2013 07:34
Microsoft Reaches Agreement to Acquire StorSimple	Stefan Mileschin	WebNews	0	17th October 2012 07:38
Microsoft buys PhoneFactor, adds smartphone authentication to its cloud services	Stefan Mileschin	WebNews	0	8th October 2012 07:22
Microsoft to Acquire Perceptive Pixel Inc.	Stefan Mileschin	WebNews	0	10th July 2012 06:28
Microsoft to Acquire Yammer for $1.2 billion in Cash	Stefan Mileschin	WebNews	0	26th June 2012 06:56
Hynix to Acquire Link A Media Devices (LAMD)	Stefan Mileschin	WebNews	0	20th June 2012 07:52
Intel to Acquire Infineon's Wireless Solutions Business	jmke	WebNews	0	30th August 2010 13:11
AOL, Microsoft prep VoIP services	Sidney	WebNews	0	20th September 2005 18:39