Morning Beat: Nokia Corporation (ADR) (NOK), Tesla Motors Inc (TSLA), and Microsoft Corporation (MSFT)
Nokia Corporation (ADR) (NYSE:NOK) announced that it has finished acquisition of health and fitness gadget maker Withings which it had bought for $190M. The acquisition has been finished ahead of the promised third quarter.
Cedric Hutchings becomes the new head of digital health business for Nokia Corporation (ADR) (NYSE:NOK).
Some bad news for Tesla Motors Inc (NASDAQ:TSLA)’s Model 3 owners after the company announced that the owners will have to shell out extra for using charging station. However, owners of Model S and Model X cars will not be paying more.
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk promised that supercharger access will be lot cheaper compared to gasoline.
Microsoft Corporation (NASDAQ:MSFT) and Xiaomi enter into a long term partnership. As part of the deal Xiaomi will buy 1,500 patents from the latter. Xiaomi will provide predefined Microsoft’s apps like Skype and Office on its phones and tablets.
Microsoft Corporation (NASDAQ:MSFT) and Xiaomi did not reveal the financial value of the deal.
Facebook Inc (NASDAQ:FB) will not be happy with the latest move of Indian government with the debate on net neutrality starting again. The company’s Free Basics program was banned few months back due to backlash from people and companies.
Alibaba Group Holding Ltd (NYSE:BABA)’s largest shareholder Softbank has announced that it will sell $7.9 billion worth of shares. Softbank currently holds 32.2 percent stake, the investor had began investing in the company since 2000.
Softbank continues to feel pressure over its high debt. The company is now keen to reduce its debt and is looking for various options including selling its stake in Finnish smartphone maker Supercell as well.
According to Reuters Apple Inc. (NASDAQ:AAPL) is planning to issue bonds worth $1 billion in Taiwan. There has been considerable amount of interest from insurance players and long term bond buyers who look for higher yields.
However, the OTC exchange has stated that it is not aware of Apple Inc. (NASDAQ:AAPL)’s plans.
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