In the latest sign of Nokia Corp.’s growing focus on corporate demand for mobile phones for their business operations, the giant wireless device maker on Wednesday said it would pay $430 million to acquire Intellisync Corp., a maker of software for wireless e-mail transmission.
Nokia agreed to pay $5.25 per share for the San Jose, Calif.-based company. Intellisync shares had spiked recently and the $5.25 per share price Nokia will pay is below Intellisync’s $5.54 per share closing price on Tuesday. A source close to the deal said that the recent rise in the company’s stock was due largely to acquisition speculation.
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