The Deal That Makes No Sense

Re:The Deal That Makes No Sense by andrewfong on Tuesday September 03, 2013 @06:54AM (#6320160)

> ...wait, no, that would mean Microsoft would have some special insider knowledge of Nokia's finances that no one else was party to. Surely not.

Not really an issue if the board approved going to Microsoft with the financial information first. Moreover, when negotiating the strategic partnership, Microsoft may have gotten a right of first negotiation, that would legally entitle it to first dibs on the acquisition and certain "insider knowledge" anyway. Ultimately, shareholders might still have to approve the transaction, but there's no insider trading issue with reaching out to potential acquirers on the downlow.

[ Parent | on HN ]

Re:The Deal That Makes No Sense by yulaow on Tuesday September 03, 2013 @07:01AM (#6320178)

So, since the begin the Board was aiming to an acquisition by microsoft after nokia would be so in debt that the total cost would drop?

It seems like the board, since now, has made the interest of microsoft and not nokia.

[ Parent | on HN ]

Re:The Deal That Makes No Sense by tanzam75 on Tuesday September 03, 2013 @11:30AM (#6321491)

Nokia does not have a net debt position. They have about €2 billion of net cash. After the Microsoft acquisition, €7 billion.

[ Parent | on HN ]