Also read: Facebook Messenger Kids Now Available For Android Devices
Nokia said in statement the review “may or may not result in any transaction or other changes”. The Finnish company said its patent business, brand partnerships and technology licensing units are not in the scope of the review. In 2016 Nokia bought France’s Withings, which makes activity trackers and thermometers, for 170 million euros ($212.3 million)as an initial move in the health market.
Also read: Facebook, Twitter Not Fully Complying With Consumer Rules: EU
But the company wrote down 141 million euros of goodwill on the business in the third quarter of 2017. The company also said it will cut up to 425 jobs this year in its home country Finland. The reductions are part of a 1.2 billion euro ($1.3 billion) global cost-savings plan which was announced after its 2016 acquisition of Franco-American rival Alcatel-Lucent.
Also Watch: Xiaomi Redmi Note 5 Pro Review: Best Bang For Your Buck at Rs 13,999