The Firm is representing Microsoft Corporation in connection with its announced acquisition of Nokia Corporation’s Devices & Services business, license of Nokia’s patents, and license and use of Nokia’s mapping services, for a total consideration of approximately $7.2 billion (€5.44 billion) in cash. Microsoft will pay €3.79 billion to purchase substantially all of Nokia’s Devices & Services business and €1.65 billion to license Nokia’s patents. The transaction is expected to close in the first quarter of 2014, subject to approval by Nokia’s shareholders, regulatory approvals and other customary closing conditions.
Microsoft also agreed to purchase €1.5 billion of convertible notes from Nokia, at Nokia’s election.
The Simpson Thacher team includes: Alan Klein, Anthony Vernace, Jim Cross, Jasmine Kaufman and Jay Yu (M&A); Gary Mandel, Jonathan Goldstein and Devin Heckman (Tax); Lori Lesser, Marcela Robledo and Samantha Himelman (IP); Greg Grogan, Alina Finkelshteyn, Linda Barrett and Sarah Naseman (ECEB); Bill Brentani and Sara Terheggen (Capital Markets); Adeeb Fadil and Noreen Lavan (Environmental); and Krista McManus and Alison Fagen (Real Estate).