Nokia Siemens Makes Bid for Nortel Unit
The Wall Street Journal is reporting that Nokia Siemens Networks has made an offer to buy large segments of Nortel's wireless networking and research units. The Journal, citing sources familiar with the matter, says that Nokia is interested in the Long Term Evolution technologies developed by Nortel. Nortel, which is in bankruptcy protection, is actively looking to sell off assets, including pieces of its business.
Audi, BMW, Daimler to Buy Nokia's HERE Maps
A consortium of three German automotive makers has agreed to purchase HERE Maps from Nokia for about $2.71 billion, according to the Wall Street Journal. Sources familiar with Nokia's plans say Audi, BMW, and Daimler (Mercedes) have fielded a winning bid for the mapping division, which Nokia put up for sale earlier this year.
BlackBerry Sues Nokia Over Patents
BlackBerry filed a patent infringement lawsuit against Nokia this week. BlackBerry claims Nokia is using its patented technology in select telecommunications equipment that Nokia sells to network operators, such as T-Mobile, without the proper licenses.
Nokia Makes HERE Sale to Audi, BMW, Daimler Official
Nokia today formally announced the sale of its HERE Maps business unit to a consortium of three German auto makers. Audi, BMW, and Daimler have agreed to buy HERE Maps for $3 billion.
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.
Yahoo Expected to Announce Restructuring
Yahoo will unveil a plan to cut costs on Tuesday, reports the Wall Street Journal, which will include closing select business units and further trimming its workforce. Yahoo CEO Marissa Meyer and CFO Ken Goldman will discuss the plans after announcing the company's fourth quarter results.