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Microsoft Is Said to Pay Nokia More Than $1 Billion in Deal

Mar 08, 2011, 14:05 (6 Talkback[s])
(Other stories by Dina Bass)

"Microsoft Corp. will pay Nokia Oyj more than $1 billion to promote and develop Windows-based handsets as part of their smartphone software agreement, according to two people with knowledge of the terms.

"Nokia will pay Microsoft a fee for each copy of Windows used in its phones, costs that will be offset as Nokia curtails its own budget for software research and development, said one of the people, who declined to be identified because the final contract hasn't yet been signed. The agreement runs for more than five years, the people said."

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