Mergers And Acquisitions

Mergers Acquisitions

Mergers and Acquisitions - Microsoft acquires Nokia for $7.1 billion

Microsoft announced this week that it will come by Nokia's handset and services enterprise for roughly $7.1 billion. The expertise mergers and acquisitions includes $5 billion to buy Nokia's cellphone business, while $2.1 billion will proceed toward its patent portfolio.

According to a Nokia press issue, the transaction will help the company improve its share and profit in wireless apparatus. The move is expected to help Nokia conceive a more steady financial position for itself and provide a better groundwork for future investments.

Microsoft CEO Steve Ballmer said in the broadcast that the acquisition is a "bold step into the future" and is good for shareholders, consumers and workers in each business.

Nokia interim CEO Risto Siilasmaa said that the mergers acquisitions undertaking is a large opening for his business to reinvent itself, and to do so from a position of financial power.

"After a thorough evaluation of how to maximize shareholder worth, encompassing consideration of a variety of options, we accept as true this transaction is the best route forward for Nokia and its shareholders," Siilasmaa said. "Additionally, the deal boasts future opportunities for many Nokia employees as part of a business with the scheme, financial resources and determination to succeed in the wireless space."

In an interview with the New York Times, Siilasmaa clarified that he knows the technology acquisition is a logical one for Nokia and the right origin of activity, but it is still "emotionally complicated."

No enterprise proprietor likes strong feelings to hinder an ideal enterprise opening, which is why having a powerful group behind you can help all Mergers and Acquisitions undertaking. Along with accountants and lawyers, working with technology investment banking firms can furthermore help you find the best deal if one can be created.