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Nokia To Buy Alcatel-Lucent for $16.6 Billion
totalcaos sends news that Nokia has announced plans to buy Alcatel-Lucent for $16.6 billion worth of stock. Both companies have approved the transaction, though now they must wait for regulatory approval. They said they expect the deal to close in the first half of 2016.
The combined company is expected to become the world’s second-largest telecom equipment manufacturer behind Ericsson of Sweden, with global revenues totaling $27 billion and operations spread across Asia, Europe and North America. The companies are betting that, by joining forces, they can better compete against Chinese and European rivals bidding to provide telecom hardware and software to the world’s largest carriers, including AT&T and Verizon in the United States, Vodafone and Orange in Europe, and SoftBank in Japan. ... Analysts say that Nokia has progressively focused on its equipment unit, which now represents roughly 85 percent of the company’s annual revenue. On Wednesday, Nokia confirmed that it had put its digital maps business — a competitor for Google Maps — up for sale.
They'll be selling a large number of wonderful overlapping lines of equipment in a wonderful industry with fabulous growth prospects, and they can expect dynamic leadership continuing with tradition of super-competent CEOs in the individual companies before the merger.
Should I buy 5000 or 10000 shares of stock?
Nokia's mobile phone business is not the whole enterprise. Far from it. :) Same with Motorola and Motorola Mobility, incidentally. Random stupid story: Visiting a friend of mine in Turku, noted that he was a complete Apple Fanboy. iPad, iPhone, iBook, the works. He doubtless has or will soon have an Apple Watch.
"Yki, what's with all the apple stuff? You're the reason Nokia is dying."
*ten seconds of silence*, "Fuck you."
Game, set, and match. :P
I want peace on earth and goodwill toward man.
We are the United States Government! We don't do that sort of thing.