It's official: Nokia owns Withings

Little more than a month after announcing its intention to buy Withings for 170 million euros, Nokia has announced that it's now a done deal, far ahead of the third-quarter close that was originally anticipated. The French maker of health gadgets -- everything from fitness trackers to smart scales -- will become the basis for Nokia's new Digital Health business unit, now led by Withings' former CEO, Cédric Hutchings.

For Finland's Nokia, it's the latest move to reassert its brand after selling the bulk of its phone business to Microsoft for $7.2 billion in 2014. (Microsoft has since sold off much of the low-end handset at firesale prices, even as the future of its Lumia phones remains in doubt.) In addition to the Withings buy, Nokia has also begun moving into virtual reality hardware with its pro-level Ozo 360 camera.