Is it true Microsoft is buying Nokia as Nokia is loosing its market in mobile industry? What is the final amount by Microsoft to buy Nokia company?
Answered By
moshiur
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Do you know Microsoft buying nokia?
As the smart phone market is now very much controlled by apple. Microsoft is not that much successful in the smart phone field.
That why there is a rumor that Microsoft may buy the Nokia. And there is a reason behind this rumor. The share price of Nokia is down to 2.2 Euros and it is very low.
And also the total market value of Nokia is 4.2 billion(estimated price) and Microsoft has 46 billion cash equivalent and they are desperate to catch up to the smart phone market.
But till now there is no declaration of such news,
Do you know Microsoft buying nokia?
Yes, It’s a true new that Microsoft is planning to buy Nokia in 2011 end but Microsoft back stepped as it did not got convinced by the balance sheets of Nokia.
There is no exact figure of amount that comes in to news. Since, deals in not completed no one can truly say how much Microsoft has bided to acquire Nokia.
As shares of Nokia losing their value day by day it might not b surprise if Nokia will face financial problem in late 2013.
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Do you know Microsoft buying nokia?
Microsoft has already acquired Nokia. The acquisition was announced on September 3, 2013 in Redmond, Washington and Espoo, Finland. In the acquisition agreement, Microsoft will pay EUR 3.79 billion to purchase the entirety of Nokia’s Devices and Services business. An addition of EUR 1.65 billion will be paid to license Nokia’s patents. So basically, the entire acquisition agreement will cost EUR 5.44 billion in cash.
According to Microsoft, the transaction or the agreement will be funded using its overseas cash resources. The transaction was expected to close on the first quarter of 2014. Nokia is not originally a phone manufacturer. Before they got into the wireless business, the company tried their hands on paper products, tires, and footwear. The acquisition agreement also notes that the Nokia facility in Masan, Korea, will be closed by Nokia.
It will have a loss of around 200 jobs.
