Mergers and Acquisitions Recap: Nokia DIVESTS Qt Software, Carlyle PURCHASES TCW

Nokia Corporation (NYSE:NOK) will divest its Qt software operations, which it obtained along with the purchase of the Norwegian firm Trolltech in 2008, to the Finnish information tech services firm Digia. Analysts suspect that the price tag was well under the $150 million that Nokia paid for Trolltech in the first place. Financials of the current transaction were not released.

Don’t Miss: Here’s Nokia’s New REVIVAL Plan.

AstraZeneca Group plc (NYSE:AZN) will pay Bristol-Myers Squibb Company (NYSE:BMY) $135 million to obtain an equal role in decision-making at Amylin Pharmaceuticals, which Bristol Myers just acquired for $7 billion. The former is already paying $3.4 billion to Bristol-Myers for a 50 percent share in Amylin’s products, which are being adding to an ongoing diabetes partnership.

The Carlyle Group (NYSE:CG) is acquiring the asset management company TCW, according to the Wall Street Journal. The price of the transaction is being estimated at around $700 million.

Don’t Miss: Google Gets RECORD Fine For This Offense.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Premium Newsletters

Stock Investor Cheat Sheet

Stock Investor Cheat Sheet®

The ultimate Cheat Sheet for finding winning stock picks.
Learn More

Gold & Silver Newsletter

Gold & Silver

Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More

Commodities Premium Newsletter

Commodities Premium

There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more

ETF Investing

ETF Investing

At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business