Mar 08
Microsoft to Pay Nokia $1 Bil in Windows Phone Deal – Report
Posted in: Microsoft, nokia, Today's Chili, windows phone 7
How much is a Nokia deal worth to the future of Microsoft’s mobile business? Leave it to Redmond to put a very round price tag on the deal. The software giant is reportedly shelling out $1 billion for Nokia to develop and promote handsets based around its slightly stagnant Windows Phone platform.
So, what does Microsoft get out of the deal? Besides the obvious advantages of having the world’s largest handset manufacturer promoting your mobile operating system, you mean? Well, Nokia will also be offsetting the costs by paying Microsoft a fee for each phone that uses a Microsoft OS (not an entirely uncommon practice for third-party hardware developers).
Not everyone’s psyched about the deal between the companies, however. As Bloomberg points out, Nokia shares have actually plummeted 26 percent since the partnership was officially announced.
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