Nokia Sells Its Qt Business to Digia
Nokia today announced that it has sold the entirety of its Qt software development business to Digia for an undisclosed sum. Nokia acquired Qt in 2008 as part of its $150 million purchase of Trolltech. Nokia will transfer about 125 employees to Digia. Digia had acquired the Qt Commercial licensing business from Nokia in March 2011, so it is well prepared for the acquisition of the entire Qt business. Digia said that it plans to enable Qt on the Android, iOS, and Windows 8 platforms as quickly as possible. Qt is used by 450,000 developers around the world to create mobile applications.
Nokia Weighing Whether Withings-Based Health Biz Still Worth It
Nokia today said it is weighing strategic options for its Digital Health business. Nokia acquired wearable-maker Withings in 2016 and used that as the basis of its Digital Health business, with is part of the Nokia Technologies group.
Nokia and Samsung Settle Patent Licensing Deal
Nokia today said it has reached an agreement with Samsung over the licensing of its wireless patents. The companies have been disputing the value of Nokia's patents since Nokia sold its handset division to Microsoft.
LG Agrees to Pay Nokia Royalties, But Rates Not Settled
LG has signed a patent-licensing agreement with Nokia over smartphone technology, but the companies have yet to agree on pricing for the patents. Nokia may have sold its handset business to Microsoft, but it retained many of the related patents for licensing purposes.
Nokia to Acquire Withings for Health and Fitness Push
Nokia today said it plans to acquire Withings for about $192 million in cash. Nokia hopes the acquisition will help it make a stronger push into the markets for wearables and the internet of things.
Nokia Pins Smartphone Comeback on HMD Global
Nokia today said it plans to return to the smartphone business during the first half of 2017 through its partnership with HMD Global. HMD Global recently completed a series of transactions between HMD, FIH Mobile Limited, and Microsoft that will allow it to make phones bearing the Nokia brand.