Nvidia To Invest USD 1.0 Bln In Nokia
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Oct 28 (Reuters) - Nokia Oyj (NOKIA.HE) :NVIDIA TO MAKE USD 1.0 BILLION EQUITY INVESTMENT IN NOKIA IN ADDITION TO NEW STRATEGIC PARTNERSHIP – NOKIA’S BOARD RESOLVED ON DIRECTED SHARE ISSUANCE TO NVIDIATO ISSUE 166,389,351 NEW SHARESNVIDIA WILL SUBSCRIBE FOR SHARES AT A SUBSCRIPTION PRICE OF USD 6.01 PER SHAREWILL USE PROCEEDS FROM ISSUANCE TO ACCELERATE ITS STRATEGIC PLANS TO ADVANCE TRUSTED CONNECTIVITY FOR AI SUPERCYCLETRANSACTION WILL SEE NVIDIA BECOME 2.90% SHAREHOLDER OF NOKIA Source text: Further company coverage: (NOKIA.HE)(Gdansk Newsroom)
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