Science

Nokia To Sell Digital Health Business To Withings Co-founder Éric Carreel

Nokia To Sell Digital Health Business To Withings Co-founder Éric Carreel

The idea was to merge the Withings workforce with employees from Nokia Technologies' preventive health and patient care teams.

Nokia announced that it entered into exclusive negotiations for the sale of its Digital Health business, following a strategic review announced in mid-February.

Nokia killed off the Withings name in 2017, rebranding the products, which include smart scales, digital health devices, and fitness tracker watches, as part of its Digital Health business. Last year Nokia recorded a €141 million charge due to 'the impairment of goodwill related to its digital health business.' In essence, it wrote-off the vast majority of its Withings acquisition. The French company was one of the pioneers of the wearable tech industry and brought us goodies such as the first connected scale.




A number of parties have shown interest in buying the division including Google Nest and Samsung.

Notably, Apple sells Nokia's health products in its online and retail stores. Two years on, it now plans to resell the assets to Withings' co-founder Eric Carreel for an undisclosed sum. The terms of the deal were not disclosed yet, and it will still need to go through regulatory approval, but Nokia anticipates it will close by Q2 of 2018. The deal is expected to close in late second quarter. Less than a year after the deal was closed, Nokia hasn't been able to find a direction for its health division and has been trying to find a buyer for it.


  • Boy Scouts to change name after thousands of girls join

    Boy Scouts to change name after thousands of girls join

    The organization says it has almost 2.3 million youth members between 5 and 21, a decrease from the 2.8 million members in 2012. The Girl Scouts fired back shortly after the announcement with a tweet that said, "Fact: Girl Scouts works".
    US, Israel condemn Palestinian president over 'anti-Semitic' comments

    US, Israel condemn Palestinian president over 'anti-Semitic' comments

    He contrasted this with Jews in Arabic countries, who he argued had not faced similar persecution. Netanyahu's office responded by accusing Abbas of disseminating "a blood libel".
    Kathy Griffin takes back her apology over decapitated Trump head photo

    Kathy Griffin takes back her apology over decapitated Trump head photo

    She also referred to Trump's Don Jr. and Eric as "Eddie Munster and Date Rape". Meanwhile, Griffin isn't the only one to call take-backs on an old apology.
  • Plane crashes near U.S.  airport, two killed

    Plane crashes near U.S. airport, two killed

    A tweet from the Savannah Professional Firefighters Association showed the tail of the plane emerging from black smoke and fire. C-130 plane crash near Savannah Hilton Head International Airport. "Our building shook and the lights flickered".
    Hulu's offline viewing comes with an unwanted side of ads

    Hulu's offline viewing comes with an unwanted side of ads

    With the option to advertise against the content, though, there may be less resistance to the idea of offering an offline version. The deal will include upcoming franchise titles How to Train Your Dragon: The Hidden World, The Boss Baby 2 and Trolls 2 .
    Research Ratings: NOW Inc. (DNOW), Yum China Holdings, Inc. (YUMC)

    Research Ratings: NOW Inc. (DNOW), Yum China Holdings, Inc. (YUMC)

    Consensus Metrix saw system-wide same-store sales ticking up 2%, rising 2.8% at KFC, 1.8% at Pizza Hut and 0.5% at Taco Bell. The firm has a market cap of $28,403.27, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 2.05 and a beta of 0.84.
  • Mueller Reportedly Raised The Idea Of Subpoenaing Trump

    Mueller Reportedly Raised The Idea Of Subpoenaing Trump

    The Post said Trump and some advisers hope to use the release of the questions to further criticize Mueller's investigation. I don't know why they couldn't come up with one more. "The legal team around the president now does not view him that way".
    WWE Superstar Kane Wins GOP Primary in Tennessee

    WWE Superstar Kane Wins GOP Primary in Tennessee

    The next celeb to turn political? Kane will now have to face the former president of the Knox County Democratic Party, Linda Haney, who won the Democratic primary.
    Modi attacks Rahul for insulting Gowda

    Modi attacks Rahul for insulting Gowda

    It fielded 176 candidates, won four seats, stood second in three and polled 850,000 votes with 2.7% vote share across Karnataka. While the Congress campaign vehicles are allowed to move around freely, those of the BJP were seized, they alleged.
  • Flipkart-Walmart deal talks in final stages

    Flipkart-Walmart deal talks in final stages

    Interestingly, Lore and the co-founders of Flipkart - Sachin Bansal and Binny Bansal - have all worked for Amazon in the past. The firm was last valued at about $12.5 billion when it raised $2.5 billion from Masayoshi Son's SoftBank a year ago .
    South Korea's Moon Jae-in: Donald Trump should get Nobel Peace Prize

    South Korea's Moon Jae-in: Donald Trump should get Nobel Peace Prize

    South Korea says it will remove propaganda-broadcasting loudspeakers from the border with North Korea. "We know the history". Kim had already suspended his nuclear and missile tests while offering to put his nukes up for negotiations.
    Supreme Court Collegium defers decision on Justice KM Joseph

    Supreme Court Collegium defers decision on Justice KM Joseph

    However, there is no time frame for the government to decide on either a recommendation of the collegium or reiteration of a name. They unanimously said that returning the recommendation of Justice Joseph was an attack on the independence of judiciary.