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Bloomberg: Microsoft to pay Nokia 'more than $1 billion' to make Windows Phones

March 7th, 2011, 23:04 Posted By: wraggster

Though neither Nokia nor CEO Stephen Elop ever said there was an exchange of billions of dollars as a part of the company's tie-up with Microsoft for the Windows Phone platform, Bloomberg is sourcing "two people with knowledge of the terms" in saying that something in excess of $1 billion is flowing from Redmond to Espoo. Though the deal isn't yet finalized -- Elop said as much back at MWC -- it'd apparently call for Microsoft to pay out at least some of the cash upfront with Nokia sending cash in the other direction for device licenses. Interestingly, the deal is said to give Microsoft access to parts of Nokia's expansive patent portfolio -- and they'll have it for quite some time, too: the contract's apparently going to be good for "more than five years." That's more than most marriages, it seems (and roughly as expensive).
http://www.engadget.com/2011/03/07/b...llion-to-make/

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