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Former Students at the Center of a $153 Million Deal

Former Students at the Center of a $153 Million Deal

Nokia to acquire Trolltech to  accelerate software strategy. Nokia offers NOK 16 in cash per Trolltech share. The Nokia offer therefore values Trolltech at about $153 million (NOK 844 million).

Trolltech was founded by Håvard Nord (CEO of Trolltech) and Eirik Chambe-Eng (Chief Troll). Both are former students from the department. The deal will earn Håvard Nord about NOK 116 millions, and Eirik Chambe-Eng about NOK 115 millions.

The complete stories:
Nokia to Acquire Trolltech to Accelerate Software Strategy -
Nokia to buy Trolltech - theInquirer
Nokia's Trolltech Grab Hurts Rivals -
Nokia to buy software developer Trolltech for $153M- InfoWorld
230 millioner til Trolltech-gründerne - (in Norwegian)
Elverumsing ble søkkrik på datasalg - Ø (in Norwegian)
Press Release - Nokia
Press Release - Trolltech (in Norwegian) (in Norwegian) (in Norwegian)

By: Kai Torgeir Dragland     Published: 01.02.2008     
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