Nokia Siemens Networks Considering Bids
Nokia confirmed today that it and partner Siemens are entertaining bids for their Nokia Siemens Networks joint venture. Siemens also confirmed that bids had been placed, though neither company revealed the names of the private equity companies that are interested in purchasing the joint venture. "There has been unsolicited interest in NSN and we continue to be in constructive talks with multiple parties," said Nokia spokesman Doug Dawson. The partnership between Nokia and Siemens expires in 2013 and the two firms have been weighing options on the networking company's future. A sale to private investors would allow both Nokia and Siemens to concentrate resources on other portions of their respective businesses.
Nokia Confirms Talks to Acquire Alcatel-Lucent
Nokia and Alcatel-Lucent today said they are in advanced talks concerning a merger or acquisition between the two. Such a deal would would produce a massive competitor to Sweden's Ericsson and China's Huawei in the telecommunications market.
Nokia Forges China Joint Venture to Win Alca-Lu Approval
Nokia has signed a memorandum of understanding with a China government-backed investment company called Huaxin in order to encourage approval of its proposed acquisition of Alcatel-Lucent. The acquisition has already been approved by U.S.
Nokia's HERE Maps Quick to Draw Suitors
Four companies have expressed interest in acquiring Nokia's HERE Maps business, reports Reuters. A coalition of German auto makers, Audi, BMW, and Daimler, are weighing a joint bid, as are Facebook, Uber, and U.S.
Uber Attempting to Hail HERE Maps with $3B Bid
Uber has submitted a bid to purchase HERE Maps from Nokia for $3 billion, reports the New York Times. The bid is one of several and may not result in a sale, cautioned the Times' unnamed sources.