Nokia agrees to buy Alcatel-Lucent for $16.6 billion

Apr15

by Sindy Cator on April 15, 2015 at 6:16 am

Posted In: Around the Web, Insider, merger

Nokia has confirmed it will buy French rival network hardware and software maker Alcatel-Lucent for $16.6 billion in stock. The terms of the deal have been approved by both companies’ boards, but is yet to be cleared by regulatory bodies. Nokia expects to close the deal in the first half of 2016. For every Alcatel-Lucent share they own, shareholders will get 0.55 Nokia shares. Alcatel-Lucent shareholders will own 33.5 percent of Nokia, while Nokia shareholders would own 66.5 percent of the former. With their powers combined, Nokia and Alcatel-Lucent will be able to further their research and development into 5G technologies…