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Nokia Oyj completes sale of its business to Microsoft

Friday, 25 Apr 2014 06:56am EDT 

Nokia Oyj:Completes sale of substantially all of its Devices & Services business to Microsoft.Transaction, which also includes an agreement to license patents to Microsoft, was originally announced on Sept 3, 2013.As earlier communicated, the transaction was subject to potential purchase price adjustments.Estimate of adjustments made for net working capital and cash earnings was slightly positive for Nokia.Expect total transaction price to be slightly higher than the earlier-announced transaction price of 5.44 bln euros after the final adjustments are made based on the verified closing balance sheet. 

Company Quote

-0.13 -1.62%
19 Dec 2014