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Nokia Intends to Buy Alcatel-Lucent

posted by takyon on Thursday April 16 2015, @11:10PM   Printer-friendly
from the buy-high-sell-low dept.

kaszz writes:

Nokia has announced its intention to acquire the telecoms equipment company Alcatel-Lucent for 15.6 billion EUR (US$16.6bn). The new company will be called Nokia and have its headquarters in Finland, but will retain Alcatel-Lucent's Bell Labs name for its R&D activities. The deal has to be approved by Nokia shareholders.

Nokia has also announced a "strategic review" of its HERE mapping business, which evolved from its acquisition of Navteq back in 2007 for $8.1 billion. It will reportedly sell the mapping division for $2 billion. That price is at the low end of what was previously rumored.

 
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  • (Score: 2) by FatPhil on Thursday April 16 2015, @11:14PM

    by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Thursday April 16 2015, @11:14PM (#171773) Homepage
    I was expecting them to resort to Plan 9 eventually.
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  • (Score: 0) by Anonymous Coward on Friday April 17 2015, @09:10AM

    by Anonymous Coward on Friday April 17 2015, @09:10AM (#171952)

    They are resurrecting the dead?