By Todd Bernhard
Remember Nokia? Microsoft snapped up its Lumia handset business, but the Nokia brand is still around and making news. Today Nokia announced the purchase of Withings, a maker of wearables and Internet of Things devices, specializing in digital health. This is an interesting move, as Nokia is still a recognizable brand and could elevate Withings in the minds of consumers. The purchase will be in cash for a total of 170 million euros. The wearables market is crowded, but this could legitimize both Nokia and Withings at the same time, as opposed to each vendor going it alone.