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| VIEW EVENT INFORMATION: Nokia |
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Microsoft’s Nokia Purchase Torches $16.6 Billion In Market Cap, Almost As Much As |
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About the organization Nokia:
Type: Business
Sub-Types: Telecommunication, Telecommunication Hardware, Telecommunication Software, Computer, Computer Software |
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Notable Organizations: Nokia, Techcrunch
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| On the news that Microsoft will purchase substantial assets from Nokia, including its handset business and intellectual property, company investors have discarded the stock, sending it down 6 percent in regular trading.
At current trade, that decline represents $16.6 billion in market capitalization, a stunning repudiation of the plan by investors. To put the decline in perspective, when… |
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