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.
(Score: 2) by takyon on Friday April 17 2015, @12:31AM
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(Score: 1) by kadal on Friday April 17 2015, @12:50AM
That's some vague BS.
(Score: 3, Insightful) by takyon on Friday April 17 2015, @12:52AM
There's all sorts of vague BS before, during, and after a merger.
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