Mergers and Acquisitions Recap: Nokia DIVESTS Qt Software, Carlyle PURCHASES TCW
Nokia Corporation (NYSE:NOK) will divest its Qt software operations, which it obtained along with the purchase of the Norwegian firm Trolltech in 2008, to the Finnish information tech services firm Digia. Analysts suspect that the price tag was well under the $150 million that Nokia paid for Trolltech in the first place. Financials of the current transaction were not released.
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AstraZeneca Group plc (NYSE:AZN) will pay Bristol-Myers Squibb Company (NYSE:BMY) $135 million to obtain an equal role in decision-making at Amylin Pharmaceuticals, which Bristol Myers just acquired for $7 billion. The former is already paying $3.4 billion to Bristol-Myers for a 50 percent share in Amylin’s products, which are being adding to an ongoing diabetes partnership.
The Carlyle Group (NYSE:CG) is acquiring the asset management company TCW, according to the Wall Street Journal. The price of the transaction is being estimated at around $700 million.
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