Microsoft completes acquisition of Nokia’s Devices and Services business, price ‘slightly higher’ than $7.2B

As expected, Microsoft today announced the completed acquisition of Nokia’s Devices and Services business. Originally announced back in September, Nokia’s devices and services business was valued at €3.79 billion ($5 billion) and Microsoft also said it would spend a further €1.65 billion ($2.2 billion) to license Nokia’s patents — making the total cost €5.44 billion ($7.2 billion), to be paid in cash. Yet that price is not the final one: “The estimate of the adjustments made for net working capital and cash earnings was slightly positive for Nokia, and we currently expect the total transaction price to be slightly higher...



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