Nokia Corporation
Stock exchange release
April 25, 2014 at 13.55 (CET +1)
Espoo, Finland - Nokia today announced that it has completed the sale of
substantially all of its Devices & Services business to Microsoft.
The transaction, which also includes an agreement to license patents to
Microsoft, was originally announced on September 3, 2013.
As earlier communicated, the transaction was subject to potential purchase
price adjustments. 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 than the earlier-announced
transaction price of EUR 5.44 billion after the final adjustments are made
based on the verified closing balance sheet.
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