As mounting losses deplete cash, Nokia Corporation (NYSE:NOK) has turned to selling off assets it feels are no longer core to its operations. In announcements today, Nokia Corporation (NYSE:NOK) has sold a clutch of about 500 patents to Vringo, a U.S. firm that deals in mobile technology and intellectual property. Separately, Nokia Corporation (NYSE:NOK) also sold its Qt software operations to Finnish IT company, Digia Oyj. The sale to Vringo will realize $22 million and a share of future revenues from the patents. The deal amount with Digia was not made public. The asset sales come in the wake of a…
Nokia (NOK) Sells Off Assets To Offset Losses
HFA Staff
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