Nokia announced today that Microsoft will be acquiring substantially all of its devices and services business for $5 billion. Microsoft will also licence Nokia’s patents and mapping assets for another $2.17 billion making the complete deal worth $7.17 billion in cash.
DNA looks at the some of the recent buy back in telecommunication sectors.
MICROSOFT - FOURSQUARE
Recently, Microsoft Corporation was in negotiations with popular social networking company Foursquare about a possible business investment. Although their meetings are apparently at an advanced stage, Foursquare is still talking to other potential investers.
According to Fox Business, Foursquare spokesman Brendan Lewis said via email that the talks fall squarely in the 'rumours and speculation’ category. A Microsoft spokesman declined to comment.
GOOGLE - MOTOROLA DEAL
In August 2011, Google acquire Motorola for $12.5 billion. Motorola recently unveiled the Moto X, the first smart phone made by Google after they announced their acquisition of the company almost two years ago.
VERIZON BUYS VODAFONE
Verizon has announced that they are all set to buy Vodafone for an astounding $130 billion. The deal hasn't been made official as yet, pending approval from the boards of both companies. But when the approvals come throught, the deal will see Verizon buy Vodafone half in cash and half in stock.
According to Fox News, Vodafone owns a 45% stake in Verizon Wireless, the largest cell-phone carrier in the US, as a result of a partnership that begun in 1999. Verzion had tried earlier to acquire Vodafone a number of times but to no avail, the report added.