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New Deal


Announced

Completed

Google, Qualcomm and Nokia completed a $230m investment in HMD Global.

Financials

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Transaction Value£175m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Finland

Consumer Electronics

Minority

Friendly

Single Bidder

Completed

Private

mobile phones

Acquisition

Cross Border

Synopsis

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Google, Qualcomm and Nokia completed a $230m investment in HMD Global, the maker of Nokia-branded smartphones. "Since the very beginning, HMD Global has worked to build strong bonds with our strategic partners. This additional investment further validates our long-term business strategy and is evidence of our collective mission to make modern mobile technology accessible to everyone. Security, reliability and dependability are the cornerstones of our offering and we will ensure we are using these funds to deliver the best experiences people have come to expect from a Nokia phone. As the only major European smartphone manufacturer, we remain true to our Finnish roots and the hallmarks that our customers trust Nokia phones to be synonymous with. With the support of our heavyweight partners, I am truly excited for the next chapter of Nokia phones," Florian Seiche, HMD Global CEO.

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