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 FatPhil on Thursday April 16 2015, @11:14PM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 0) by Anonymous Coward on Friday April 17 2015, @09:10AM
They are resurrecting the dead?