Microsoft to pay $1bn for Nokia tie-up

first_img Share Microsoft to pay $1bn for Nokia tie-up KCS-content Tags: NULL MICROSOFT will pay Nokia a staggering $1bn (£620m) upfront to develop handsets designed to run its Windows Phone 7 (WP7) operating system, it is understood.Nokia will reportedly pay Microsoft a royalty fee for each WP7 licence it uses, although the exact figure has not been announced.Nokia chief executive Stephen Elop, a former Microsoft employee, had previously said Nokia will receive “billions” in benefits from the tie-up, largely expected to be through discounted licences.The two firms hope the deal will allow them to compete with Google’s fast-growing Android platform and Apple’s iOS.Nokia was the biggest global handset manufacturer last year and its Symbian operating system was the most commonly used platform. But it saw its market share slip 7.5 per cent and Google’s Android overtook it in the fourth-quarter of last year, with the Scandinavian giant struggling to find a foothold in the increasingly dominant high-end market.Nokia shares have dropped 26 per cent since the tie-up was announced last month. It is thought Microsoft was desperate to avoid Nokia penning a deal with Google, with whom it was also in talks.Meanwhile, Nokia said it will start talks with Finnish employees over the company’s new strategy, which unions fear could cost more than 5,000 jobs in the Nordic country. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldcenter_img Tuesday 8 March 2011 7:26 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Show Comments ▼ whatsapp whatsapplast_img read more

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