Microsoft to pay Nokia $1 billion as part of the deal

By on March 8, 2011
submit to reddit

Microsoft to make upfront fee even before Nokia starts shipping hardware.

Microsoft is all set to pay Nokia a whopping one billion US dollars as part of the new distribution partnership announced earlier this year, according to a report from Bloomberg.

The report cites the trusted ol’ “sources close to the matter” who say that Microsoft will be forking out the cash upfront, even before Nokia starts selling hardware to customers.

As part of the deal, Nokia will pay an undisclosed sum to Microsoft for each unit of Windows Phone 7 sold through them, though the now reduced software development cost will probably offset this expenditure, according to the source.

Microsoft is showing tremendous trust on Nokia, and both the companies must be hoping that their partnership stands beneficial in the coming future. Let’s see them hardware first!


About

Mufaddal Fakhruddin is the Editor for IGN ME and thinks writing in third person about himself in an about me section is weird.

Comments
Most Read
Most Commented
Competitions
Win two Toshiba AT200 tablets

This festive season Toshiba has 2 tablets to giveaway.

Win an MSI FM2-A85XA-G65 Motherboard

Thanks to MSI we have an great AMD FM2 motherboard to giveaway.

Win a Nokia Asha 311

Thanks to Nokia we have a great entry-level smartphone to giveaway.