Sunday, July 3, 2011

Nokia sells messaging unit to Synchronica

Nokia is selling its operator-branded messaging business to Synchronica, a British developer of mobile messaging software, the companies said Thursday. The business unit provides email and instant messaging services to the likes of AT&T and Verizon.

Synchronica is paying $25 million in cash for the assets, all but $4 million of it deferred, and will also issue Nokia warrants for 18.3 million common shares in Synchronica.

Source: http://www.infoworld.com/d/the-industry-standard/nokia-sells-messaging-unit-synchronica-755?source=rss_mobile_technology

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