Microsoft (MSFT) Nokia Deal is Just Another Yammer - Global Equities
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ValueAct Was In the Dark About Microsoft (MSFT)/Nokia (NOK) Deal - Analyst
September 3, 2013 12:39 PM EDTNomura Securities analyst Rick Sherlund notes that on its call to discuss the Nokia (NYSE: NOK) deal, Microsoft (NASDAQ: MSFT) said ValueAct was not informed of the deal before they signed the cooperation and standstill agreement last week.
Sherlund comments, "Now that ValueAct has entered its standstill agreement it is... More
Microsoft (MSFT): Nokia (NOK), ValueAct and What's Next - Nomura
September 3, 2013 11:41 AM EDTMicrosoft (NASDAQ: MSFT) shocked the world overnight, announcing a deal to spend $7.1 billion to acquire Nokia's (NYSE: NOK) seemingly lackluster device unit. The news is seen as a slap in the face to ValueAct Capital, the activist hedge fund that Microsoft announced a "cooperation agreement" with on Friday. Nomura Securities Rick Sherlund, considered the axe in the stock, weighed both of the developments today.
On the Nokia deal, Sherlund said it is not likely welcome news for shareholders. He notes, that so far the... More
Nokia (NOK) Adds No Value to Microsoft (MSFT), Thinks Deutsche Bank
September 3, 2013 9:19 AM EDTOn Tuesday investors learned that Microsoft (NASDAQ: MSFT) announced it is acquiring Nokia's (NYSE: NOK) devices and services business, licensing Nokia's patents, and licensing Nokia's mapping services for $7.1 billion. While some view the news positively, others don't see tremendous value for... More
Nokia (NOK) Deal is 'Hail Mary Pass' for Microsoft (MSFT) - Oppenheimer
September 3, 2013 7:13 AM EDTOppenheimer analyst Shaul Eyal is calling Microsoft's (Masdaq: MSFT) deal to acquire Nokia's (NYSE: NOK) device and services business for $7.2 billion a "hail mary pass."
"While the transaction does not come as a full surprise... More
Nokia (NOK) CEO Stephen Elop Steps Down Following Microsoft Deal
September 2, 2013 11:29 PM EDTFollowing a deal for Microsoft (NASDAQ: MSFT) to acquire Nokia's (NYSE: NOK) devices & Services business, Nokia's Stephen Elop will be stepping aside as Nokia President and CEO to become Nokia Executive Vice President of Devices & Services.
... More
Microsoft (MSFT) Acquires Nokia's (NOK) Devices & Services Business
September 2, 2013 11:16 PM EDTIn a bold move Monday evening, Microsoft (NASDAQ: MSFT) announced it is acquiring Nokia's (NYSE: NOK) devices and services business, licensing Nokia's patents, and licensing Nokia's mapping services. The move will allow Microsoft to accelerate the growth of its share and profit in mobile devices.
Under the terms of the agreement, Microsoft will pay EUR 3.79 billion to purchase substantially all of... More