Nokia Buys Out Siemens in Equipment Venture for $2.2 Billion (2)

Nokia Oyj (NOK1V) agreed to buy Siemens AG (SIE)’s
share in their six-year venture for 1.7 billion euros ($2.2
billion), giving the Finnish company full access to the phone-equipment maker’s cashflow for a less-than-estimated price.

Nokia will pay 1.2 billion euros for Siemens’s 50 percent
stake in Nokia Siemens Networks,

Read the complete story: http://www.businessweek.com/news/2013-06-30/nokia-said-to-agree-to-buy-siemens-stake-in-nsn-networks-venture