Nokia Siemens looking to swallow up another company, Dasan Networks in Korea

Nokia (NYSE: NOK) Corp. and Siemens AG will set up a joint venture in South Korea
early next year to acquire a controlling stake in Siemens’ local tech
affiliate, market sources said Monday.

The affiliate, Dasan
Networks Inc., is a network equipment maker, in which Siemens had a
52.4 percent interest as of June this year.

Source: Yonhap news

Sadly I can’t gather any more information on this since you need to pay to read their articles. If anyone out there can link me up with some more information I’d be thankful.