- 17 сентября 2013, 09:05
- Seeking Alpha. Most popular articles
By RJ Towner
Dividend Growth Newsletter portfolio holding Microsoft (MSFT) will acquire Nokia's (NOK) device and services business for $7.1 billion. Though rumors about a deal have swirled since the two companies partnered for the Lumia, the timing is somewhat shocking, in our view. With CEO Steve Ballmer to depart within the next twelve months, we assumed he wouldn't make any major splashes.
On the surface, this deal seems a lot like Google's (GOOG) acquisition of Motorola Mobility. However, the details differ materially, particularly since Microsoft didn't acquire the entire Nokia business. Further, Nokia will retain its patent portfolio and lease its patents to Microsoft for ten years with an option to extend the deal into perpetuity.
In addition to a the actual handset business, Microsoft will also acquire Nokia's top management, including Jo Harlow, Juha Putkiranta, Timo Toikkanen, and Chris Webber, but most importantly, potential Ballmer
Complete Story »