Friday, March 29, 2024

Nokia is selling its Health business back to the former owner

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Nokia has has entered negotiations to sell its Digital Health business to its original owner, Withings co-founder Éric Carreel. The move is part of the companys plan to exit the consumer market and focus on becoming a business-to-business and licensing company, it said. The company paid $191 million for Withings back in 2016, but recently announced that it had written off $175 million in goodwill, and would do a strategic review of its wearable businesses.

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