They have been owned by a Russian state-owned telecom corporation for a few years until recent events (Russia currently tries to push Sailfish OS fork as its "russian-made" mobile OS). Original Finnish management has split off to a new independent company with the same name last year, and this looks like their last ditch attempt to continue existing. I don't expect they will last much longer (the reason why they were bought by Russia in the first place was that Jolla failed as a business).
Original Finnish management has split off to a new independent company with the same name last year
Best business move EVER! Now people have to wonder with whom they're doing business. Sorta keeps people on their toes. Way better than coming up with a new brand, making it easier for their five customers. /s