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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

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Microsoft Corporation : EU Clears Microsoft-Nokia Mobile Deal

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12/04/2013 | 12:11pm EDT

BRUSSELS--Microsoft Corp. (>> Microsoft Corporation) on Wednesday won unconditional approval from the European Union to buy Nokia Corp.'s mobile phone business, a deal the U.S. software giant hopes will propel it into the market for digital devices.

The 5.4 billion euro ($7.2 billion) purchase includes a 10-year licensing agreement of the Finnish smartphone maker's patent portfolio and its smartphone products.

The approval was widely expected and comes two days after the U.S. Department of Justice and the Federal Trade Commission cleared the deal.

The European Commission, the EU antitrust authority, said it found "minimal overlap" of the companies' activities.

"Several strong rivals, such as Samsung and Apple, will continue to compete with the merged entity," the commission said in a statement.

The company has said it expects the deal to close in the first quarter of 2014.

Nokia agreed to the deal in September after struggling to recover from its late entry in the smartphone business. About 32,000 Nokia employees are expected to join Microsoft.

Nokia shareholders agreed to the sale last month.

The company was once Finland's flagship, worth 4% of the national gross domestic product.

--Write to Vanessa Mock at vanessa.mock@dowjones.com

Stocks mentioned in the article : Microsoft Corporation
Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 1.02% 183.25 Delayed Quote.15.03%
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Financials (USD)
Sales 2020 142 B - -
Net income 2020 43 766 M - -
Net cash 2020 74 967 M - -
P/E ratio 2020 32,2x
Yield 2020 1,10%
Capitalization 1 390 B 1 390 B -
EV / Sales 2019
EV / Sales 2020 9,29x
Nbr of Employees 144 000
Free-Float 98,6%
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Technical analysis trends MICROSOFT CORPORATION
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 37
Average target price 198,59 $
Last Close Price 183,25 $
Spread / Highest target 20,1%
Spread / Average Target 8,37%
Spread / Lowest Target -20,9%
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Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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