Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicLog In
Microsoft to buy Nokia Corp's Devices & Services Business (Transcript)
Posted by: Henhill69 (IP Logged)
Date: September 3, 2013 09:53AM

The following is an excerpt from the Transcript which can be found @ [size=13px; ]_[/size]

Nokia's Chief Technology Office Organization and patent portfolio will remain within the Nokia Group. With this world class teams and assets we can drive further value by building on our leading edge innovation and advanced research and development capabilities as well as well as expanding our patent licensing activities. Subject to approval by Nokia shareholders, regulatory approvals and other customary closing conditions, the transaction is expected to close in the first quarter of 2014 at which point approximately 32,000 people are expected to transfer to Microsoft .

As part of the transaction Nokia will grant Microsoft a 10 year non-exclusive license to its patents at the time of the closing.

And Microsoft will grant Nokia reciprocal rights to utilize Microsoft 's patent in its HERE services. Nokia will as well grant Microsoft an option to extend this mutual patent agreement to perpetuity.

Stocks Discussed: MSFT, NOK,
Rate this post:

Rating: 2.0/5 (1 vote)

Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat