Nokia to acquire Trolltech
Nokia and Trolltech announced that they have entered into an agreement that Nokia will make a public voluntary tender offer to acquire Trolltech.
Trolltech is a recognized software provider with world-class software development platforms and frameworks. In addition to the key software assets, its talented team will play an important role in accelerating the implementation of Nokia s software strategy.
Nokia will offer NOK 16 per share in cash. The board of directors of Trolltech has unanimously recommended that its shareholders accept Nokia s Offer. Holders of 35,024,830 shares, representing approximately 66,43 % of Trolltech's issued shares and votes have as of January 27, 2008 irrevocably undertaken to accept the Offer.
The acquisition of Trolltech will enable Nokia to accelerate its cross-platform software strategy for mobile devices and desktop applications, and develop its Internet services business. With Trolltech, Nokia and third party developers will be able to develop applications that work in the Internet, across Nokia's device portfolio and on PCs.
Nokia aims to continue the development of Trolltech's products and support of new and existing customers. Nokia embraces open source technology and will take further the open source development culture found in Trolltech.
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| Fund | Teknoinvest VIII KS Argentum share 32.43% |
| Portfolio Company | Trolltech |
| Date of Transaction | 2008-01-28 |
| Transaction | Trade-sale |
| Seller | Teknoinvest VIII KS |
| Buyer | Nokia |
| Size of Transaction | NOK 843.0m |
| Ind. Focus | ICT |
| Geography | Norway |
| Stage | Venture |