BREAKING: Microsoft to purchase Nokia’s devices & services business, license patents & mapping services for €5.44 billion in cash.

[theprof00]

disolitude said:

theprof00 said:
ooh boy this should send nok skyrocketing in the stocks. Rubs palms together

Err...i don't think you understand this deal.

Microsoft isn't buying Nokia. They are buying device and services part of Nokia. Microsoft stock will soar while Nokia will be lucky to remain flat.

Nokia is going to be a Maps, and network technologies company moving forward.  No more phones for them.

NOK premarket

Pre-Market: 5.58+1.68‎ (43.08%‎)

Ok.

http://www.thestreet.com/_nasdaq/story/12024030/1/nokia-surges-microsoft-slips-on-deal.html?&cm_ven=NASDAQ&cm_cat=FREE&cm_ite=NA