Acquisitions and sells are revolving Nokia’s news today. All while Segway decides to become Chinese. Stick around for all the details!
Nokia proved to be an amazing smartphone manufacturer for some time, but they have proven to be even better businessmen. They are selling and buying left and right, and today’s announcement is quite significant. Nokia has agreed to acquire Alcatel-Lucent for €15.6 billion (about $16.6 billion).
The deal is expected to close during the first half of 2016, after which the joint companies will retain Nokia’s branding. Meanwhile, Acaltel-Lucent will lead the way into Nokia’s future position in the IoT market. They will also use their R&D department to further improve their networking equipment.
Opinion: Nokia is moving a lot of chess pieces, trying to find its rightful position in this highly evolved market they once led. I am glad they are willing to adapt and choose their battles, really.
The Finnish giant is moving away from its old business strategy and they want to make it known. Aside from the Alcatel-Lucent acquisition, Nokia has announced they are reviewing “strategic options, including a potential divestment, for its HERE business”.
An sell may or may not happen, but this announcement is likely to get more potential clients interested in the mapping service that graces Nokia smartphones. In fact, it was one of the main reasons why people chose Nokia smartphones, so it wouldn’t be a small acquisition.
Opinion: This statement makes it very clear that Nokia wants to move away from dealing directly with consumers. I just hope HERE Maps can stay alive, and they don’t just merge it into something else.
You have seen Segways, right? They bring up smiles and comments wherever they appear, as well as many a chuckle. They are quite literally the epitome of geek, but we are sure these things make quite a bit of cash.
We are sure more than one company has been eyeing Segway, but it seems one of them has taken the plunge and decided to purchase the company. The customer happens to be a competitor – Ninebot from Beijing. Yes, the Segway is Chinese now!
The sum is still unknwon, but the company conducted a press conference to share the news today, making this story as official as they get.
Opinion: China is known for its manufacturing prowess and ability to make anything more affordable. Will Segways become more accessible? Let’s hope so, because those things are quite pricey.