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Nokia, Microsoft Close $7.5 Billion Cellphone Deal
2014-04-25 14:42:22| Telecom - Topix.net
Nokia Corp. says it has completed the 5.44 billion-euro sale of its cellphone and services division to Microsoft Corp. Friday's closure of the deal, which includes a license to a portfolio of Nokia patents, follows delays in global regulatory approvals, including from China.
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deal
microsoft
nokia
Nokia, Microsoft Close $7.5 Billion Cellphone Deal
2014-04-25 14:36:27| Wireless - Topix.net
Nokia Corp. says it has completed the 5.44 billion-euro sale of its cellphone and services division to Microsoft Corp. Friday's closure of the deal, which includes a license to a portfolio of Nokia patents, follows delays in global regulatory approvals, including from China.
Tags: close
deal
microsoft
nokia
Microsoft completes acquisition of Nokia phone business
2014-04-25 14:17:00| Telecompaper Headlines
(Telecompaper) Nokia has completed the sale of substantially all of its mobile phones business to Microsoft. The transaction, which also includes an agreement to license patents to Microsoft, was first announced in September 2013. At closing, the price was adjusted somewhat in Nokia's favour and is expected to be slightly higher than the earlier-announced EUR 5.44 billion, Nokia said. The final deal also excludes Nokia's manufacturing facilities in Chennai in India and Masan in Korea. The Indian site remains subject to a tax dispute with the local authorities. Nokia has agreed to continue to provide Microsoft with devices from the site until the dispute is resolved and the assets can be transferred. For the Korean facility, which employs around 200 people, Nokia plans to end the activities. As part of the sale, Nokia executives Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen and Chris Weber will be transferring to Microsoft, as well as another 25,000 Nokia employees. Elop will head the mobile business at Microsoft, along with its Xbox games console and Surface tablet. Nokia said it plans a board meeting next week to consider its future strategy and more details will be discussed at its quarterly report on 20 April.
Tags: business
phone
microsoft
nokia
Nokia exits devices as Microsoft deal closes
2014-04-25 02:00:00| Total Telecom industry news
Final deal price likely to be slightly higher than 5.44 billion; India plant excluded from transaction.
Tags: deal
microsoft
devices
nokia
Beta Test Apple OS X; Lytro Illum Camera; HTC Not Buying Nokia Plant
2014-04-23 23:35:12| PC Magazine Security Product Guide
Topping tech headlines Tuesday, Apple is recruiting beta testers for OS X Mavericks, and Lytro has a new gadget.
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