Microsoft to pay Nokia over $1 Billion for WP7 Deal

Microsoft to pay Nokia over $1 Billion for WP7 Deal

There's been plenty of talk over what  Microsoft is paying Nokia to use Windows Phone 7 for their smartphones, but up till date, there has been no mention of an exact figure. Well, Bloomberg seems to have gotten a scoop with the details on the deal. In particular, besides Microsoft paying Nokia $1 billion for Nokia to develop and promote Windows Phone 7 on their phones, Nokia will pay Microsoft a license fee for each copy of WP7 used in its phones. Supposedly, it's a 5 year agreement. - Microsoft Corp. will pay Nokia Oyj more than $1 billion to promote and develop Windows-based handsets as part of their smartphone software agreement, according to two people with knowledge of the terms.

Nokia will pay Microsoft a fee for each copy of Windows used in its phones, costs that will be offset as Nokia curtails its own budget for software research and development, said one of the people, who declined to be identified because the final contract hasn’t yet been signed. The agreement runs for more than five years, the people said.

Full story here.

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