From InfoWorld: Nokia has said it has entered into a memorandum of understanding to acquire Alcatel-Lucent in a deal that would value the French telecommunications equipment maker at €15.6 billion ($16.5 billion).
The Finnish company is also considering a possible divestment from its Here mapping and navigation business.
On Tuesday, Nokia said it was in talks for a merger with Alcatel-Lucent. Under the all-share deal announced Wednesday, Nokia will make an offer for all of the equity securities issued by Alcatel-Lucent, through a public exchange offer in France and the U.S., on the basis of 0.55 of a new Nokia share for every Alcatel-Lucent share.
After the transaction, Nokia shareholders will hold 66.5 percent of the equity of the combined company, while Alcatel-Lucent investors will hold 33.5 percent.
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