Nokia will buy Withings for $191 million
Given the high quality and ease-of-use that you find in most Withings products, $191 million seems like a total bargain. The purchase itself isn’t much of a surprise, since Nokia said that it wanted to branch out into health and wearables, as well as the internet of things market back in October. Withings kills both of those birds with one hefty stone, since in addition to connected scales and fitness tracking watches, Withings produces bed sensors and home monitoring cameras. The all-cash deal is expected to close in the third quarter of 2016, and we’re excited to see what the future holds for the new partnership.
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