Stories
Slash Boxes
Comments

SoylentNews is people

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.

 
This discussion has been archived. No new comments can be posted.
Nokia Intends to Buy Alcatel-Lucent | Log In/Create an Account | Top | 12 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 1) by kadal on Friday April 17 2015, @12:50AM

    by kadal (4731) on Friday April 17 2015, @12:50AM (#171804)

    That's some vague BS.

  • (Score: 3, Insightful) by takyon on Friday April 17 2015, @12:52AM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Friday April 17 2015, @12:52AM (#171807) Journal

    There's all sorts of vague BS before, during, and after a merger.

    --
    [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]