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Nokia Completes Acquisition of Ramp Networks

Nokia

(NOK) - Get Nokia Oyj Sponsored ADR Report

said Monday its subsidiary,

Blackbird Acquisition

, completed its tender purchase of

Ramp Networks

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(RAMP) - Get LiveRamp Holdings, Inc. Report

.

More than 20.2 million shares, or roughly 93% of Ramp stock, priced at $5.80 a share, have been tendered in the agreement, which was due to expire on January 19.

Nokia, Finland's mobile phone maker, plans to merge Blackbird and Ramp, a provider of shared Internet access solutions for the small office market. The merged companies will be integrated into subsidiary Nokia Internet Communications.

American depositary receipts of Nokia gained 44 cents, or 1.28%, to $39.63 in recent

New York Stock Exchange

trading.