SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Nokia Looks to Land to Raise Cash

The struggling cellphone maker has announced a $220M sale of its headquarters

Raising cash has become so difficult for Nokia Corp. that the struggling cellphone maker has continued to evaluate its noncore assets for a sale, including its real estate.

Plans to sell Nokia's head office near the Finnish capital Helsinki to real estate investors for €170 million ($220 million) were announced Dec. 4, as the latest move following a year filled with massive layoffs and plant closings.

In August, Espoo, Finland-based Nokia sold Qt, a software technology business, to software firm Digia Oyj (Nasdaq: OMX; Helsinki: DIG1V) for an undisclosed price. And in June, Sweden-based private equity firm EQT announced that it purchased U.K. luxury mobile phone business Vertu Corp. from Nokia.

CFO Timo Ihamuotila expects the deal to wrap up by late December.

Nokia, which has operated out of the building since 1997, has struggled in recent years due to competition from rivals like Apple Inc. (Nasdaq: AAPL), especially in the smartphone market.

 

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