Microsoft thought about and then decided against Nokia acquisition
The bottom line is that Nokia doesn't really want to sell itself to another company, and Microsoft would rather have Nokia as a customer for its Windows Phone OS than buy the company out completely. Things are not yet in the desperate stage for Nokia despite a stock price that has dropped 40% over the last three months to hit a 15 year low. Earlier on Monday, Korean manufacturer Samsung dismissed rumors that it was about to lob in a bid for Nokia. On Friday, Nokia's depressed stock rose as much as 11% intra-day on rumors that Samsung was going to buy the Finnish handset manufacturer.
source: TheRegister via WPCentral
1. som (Posts: 768; Member since: 10 Nov 2009)
MICROSOFT think Kia is a piece junk that is why MS said "No Kia".
3. thedarkside (Posts: 652; Member since: 30 Apr 2012)
yeah thats why WP is on just about every nokia phone. idiot.
6. Jimstar (Posts: 259; Member since: 24 Oct 2011)
That's the sound of the joke going right over your head.
15. troutsy (Posts: 246; Member since: 17 Feb 2012)
I think that's the sound of a terrible joke swinging-and-missing.
17. Jimstar (Posts: 259; Member since: 24 Oct 2011)
Yeah well knowing a joke is terrible is one thing, not knowing it's a joke at all is another, much more thick-headed thing.
2. thedarkside (Posts: 652; Member since: 30 Apr 2012)
so they only reason why nokias stock jumped is because of a rumor that samsung was going to buy them? lol. i cant decide if this is microsofts fault for putting their OS on nokia phones or if nokia is at fault for letting them.
4. jove39 (Posts: 1261; Member since: 18 Oct 2011)
MS could have played bigger role here with Nokia on hand - MS's own mobile phones, tablets and probably computers.
10. JC557 (Posts: 935; Member since: 07 Dec 2011)
Which would probably earn MS another anti-trust suit from both the US and EU.
5. cepcamba (Posts: 717; Member since: 27 Feb 2012)
Most investors are willing to invest more on Android producing manufacturers that's why the stock rose up when the Samsung acquisition rumor spread.
IMO it was a play from Nokia to bring stock up a bit.
9. lubba (Posts: 1310; Member since: 17 Jan 2011)
The source came from Samsung, released by some fanboy news reporter from Europe.
11. Alan01 (Posts: 177; Member since: 21 Mar 2012)
The reason for the rise in the stock had nothing to do with Android or any other operating system. When a company is purchased, most of the time it is done at a premiun in order to entice stockholders to sell.
In the case of the Samsung offer, the rumor was that the deal was being done at a 70% premium to the prior day's close which is why the stock rose so sharply.
Ironically, as we wrote in the story, exactly one year ago to the day the same rumor was spreading. It certainly seemed as though it was a phony rumor designed to send the stock higher. We wouldn't be surprised to see the same thing happen on the same exat date next year. Circle your calendars!
12. lubba (Posts: 1310; Member since: 17 Jan 2011)
That's funny because you knew of this yet stock holders seem to be pretty gullible when they're suppose to be the smart ones.
7. tedkord (Posts: 4461; Member since: 17 Jun 2009)
Why spend all that money buying them when you can just trojan horse someone into the CEO spot who will kill off their other projects and dedicate them to yours?
13. jackhammeR (Posts: 1548; Member since: 17 Oct 2011)
cut this crap about trojan horse. it's old and passe
14. jopancy (Posts: 55; Member since: 25 Apr 2012)
I really don't see why nokia is so slow in shaking things up. Why do Android phones sell so well? Simply because of the hype on multiple core processors and plenty of ram. Intel said that Android as a OS isn't ready for multiple cores yet. But, really, the buyers don't care! There are 900,000 (if you believe the numbers) android activation per day. People are still buying android phones. This is how the consumer world works - multi is better than single. No matter how efficient the OS might be only few will consider that as a criteria before buying. The vast majority will go for multiple cores phones. And android is offering that now. Why can't nokia join the race and beat them at their game? Why can't they put out there phones with multicores processors, good ram, and a customizable OS? Samsung did that now they are high up in the clouds with high sales. 9 million preorder for the Samsung GS3 is not a joke. Giving the consumer what appeals to them lead to sales.
The Window phone 8 is said to support multiple cores processors. Maybe nokia would get it right then. But I have a gutt feeling that nokia first WP8 phone will be a big let down again. I pray it's not.