Supercell Oyj and SoftBank had agreed on a USD1.53 billion deal in the hopes of gaining a significant market share in mobile gaming
Finland
Walkbase secures EUR3 million in Series A funding round
Finland-based retail analytics company Walkbase landed a EUR3 million in its Series A funding round. The round was led by SBT Venture Capital in London and Olli-Pekka Kallasvuo, Nokia's former CEO.
Jolla to launch Nokia-powered smartphone
Finland-based tech startup Jolla Ltd announced that it will launch of its first pricey smartphone called Jolla on Nov 27, which is powered by Nokia's obscure MeeGo software.
Social messaging startup Jongla racks up EUR1.4 million in funding
Finland-based mobile social messaging startup Jongla recently raised EUR1.4 million in a funding round from Oy Ingman Finance to be used for the development of its youth-oriented messaging app.
Sanitec to file for IPO, apply for NASDAQ OMX Stockholm listing
Helsinki-based Sanitec Corporation planned to launch an initial public offering on the Stockholm Stock Exchange. The bathroom ceramics and fixtures maker is owned by EQT.
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Nokia Oyj extends its existing patent agreement with the largest mobile phone maker Samsung Electronics Co.
As mobile demand increases, so does data storage requirements so Google is now expanding its data centers in the Nordic region.
Google placed an additional EUR450 million in its data center located in Hamina, southeastern Finland.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, is aiming to launch its initial public offering in the week of Dec.
Google Inc would pouring in an investment of an undisclosed amount in its data center in Hamina, Finland.
A Bloomberg report revealed that Microsoft's acquisition of Nokia Oyj's handset business allowed the latter to purchase the wireless network equipment business of Alcatel-Lucent.
Japanese firms Softbank Corp and games developer GungHo OnLine Entertainment had purchased a controlling stake in Supercell for USD1.53 billion.
Finnish IT services provider Tieto had planned to reduce its workforce by a further 5% following last year's job reduction, said a report from Reuters.
