Microsofts Acquisition Talks With Nokia Reportedly Fell Through Recently

Just yesterday it was reported that perhaps Huawei was open to the idea of buying Nokia, however today the company denied having any such plans. The Wall Street Journal is reporting that Microsoft was seriously considering acquiring Nokia, the two reportedly had serious talks, which apparently fell through just recently. Last year when Nokia’s acquisitions rumors were a dime a dozen, Microsoft was said to be interested even then. Both Microsoft and Nokia have declined to comment on this report.

The publication claims that both companies were close to an “oral agreement” regarding a deal. Microsoft is said to have walked away primarily because of the price and Nokia’s insignificant position in the global smartphone market. Nokia doesn’t even rank in the top three smartphone manufacturers, while Microsoft obviously wants substantial growth for Windows Phone . Nokia has a pretty strong position when it comes to feature phones, but Microsoft doesn’t seem to be interested in that, those devices can’t run Redmond’s mobile platform. Nevertheless, as part of a billion dollar deal, Nokia’s smartphones run exclusively on Windows Phone. It seems to have paid off as well, considering that Nokia Lumia 920 is the best selling Windows Phone device out there.

This article was filed in Homepage > Cellphones and was tagged with Microsoft, Nokia and Windows Phone.
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