Big deals for Microsoft, Nokia, Vodafone and Verizon
First up, Microsoft has snapped up Nokia’s mobile phone business for £4.6bn, with Nokia licencing its patents and mapping services to Microsoft, whose boss, Steve Ballmer says the whole thing is ‘a bold step into the future - a win-win for employees, shareholders and consumers of both companies.’
It certainly pulls together two companies that have flailed in the shadows of Apple and Samsung in recent years, and Microsoft will now move further in the direction of hardware-flogging.
It remains to be seen if their combined efforts will be able to test their more successful rivals, though.
In addition to that, Vodafone has offloaded its 45% stake in Verizon Wireless to US telecoms group Verizon Communications in a £84bn deal. A whopping £54bn of that will be returned to shareholders, with £22bn of that going to those in the UK.
Vodafone say that the rest of the dough will go towards reinvestment, with 4G high on the to-do list.
Obviously, none of the money raked in from the deal will be liable for UK tax – after all, this is Vodafone.