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Nokia Sells - HERE': Mixed Feelings on the Street, Price a Bit Low

2015-08-04 03:07:55| Wireless - Topix.net

Shares of Nokia today fell 12 cents, or 1.7%, to close at $6.93, after the company this morning said it completed the "next stage" of its "transformation" by selling its HERE business unit that develops mapping and navigation techologies for a 2.8 billion to a consortium of car companies including Audi, BMW and Daimler AG. The purchase price will be reduced to about a 2.5 billion, said Nokia, because of certain "defined liabilities" for which the buyers will be compensated.

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Category:Telecommunications

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