Nokia Officially acquired Alcatel-Lucent for €15.6 billion

Two of the biggest European communication companies are merging, Today, Nokia will officially acquire Alcatel-Lucent in an all-share transaction valued at €15.6 billion. The deal has been approved by the Board of Directors of each company and is expected to close in the first half of 2016, pending approval by Nokia’s shareholders, regulatory bodies and other considerations. It’s…

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Motorola is Now a Lenovo company, Acquisition from Google is done

Today, Lenovo announced that its acquisition of Motorola from Google is complete. The deal cost the Chinese company $2.91 billion and was announced in late January. Motorola remains headquartered in Chicago and it’s brand is intact, but it’s now a “Lenovo company”. Lenovo will operate Motorola as a wholly-owned subsidiary. It owns the brand and the company’s portfolio, including current products like…

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Microsoft kills off Nokia X Android Line and Lays off 18,000 employee

Satya Nadella, Microsoft’s CEO, announced today in an email to employees that the company is preparing to layoff a total of 18,000 people within the next year. Additionally, Stephen Elop, chief of Microsoft devices, also announced that the Nokia X Android project is over. Future Nokia X designs and products will be shifted to Windows Phone devices. He notes that…

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