Microsoft To Acquire Nokia’s Devices & Services Business

Microsoft To Acquire Nokia’s Devices & Services Business
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Microsoft will pay EUR 3.79 billion (US$5 billion/S$6.36 billion) to purchase substantially all of Nokia’s Devices & Services business, and EUR 1.65 billion (US$2.17 billion/S$2.77 billion) to license Nokia’s patents, for a total transaction price of EUR 5.44 billion (US$7.17 billion/S$9.13 billion) in cash.

Under the terms of the agreement, Microsoft will acquire substantially all of Nokia’s Devices and Services business, including the Mobile Phones (Nokia Asha) and Smart Devices (Nokia Lumia) business units as well as an industry-leading design team, operations including all Nokia Devices & Services-related production facilities, Devices & Services-related sales and marketing activities, and related support functions.