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Rumor mill entertains the option of Samsung buying Nokia

Posted: , by Daniel P.

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Rumor mill entertains the option of Samsung buying Nokia
WSJ reports on market rumor that Samsung, of all companies, is preparing a bid for Nokia. Asked for commentary, spokespersons from both companies have said they don't chime in on market speculations, but that is standard operating procedure.

Nokia's debt got downgraded recently by two notches, quoting the harsh transitional period to Nokia Windows Phone. All of a sudden the company issued a profit warning, too, crashing its share price, and bringing current market cap to $24 billion.

Samsung, on the other hand, is outing some extremely popular gadgets, like the Samsung Galaxy S II, and the Galaxy Tab 10.1, so we don't really see a good strategy fit from wherever we look at this. Of course, Samsung will acquire all of Nokia's patents, which will render Apple's lawsuit easy to fight, although Samsung's CEO already said it won't be "legally problematic" as it is.

If Samsung is preparing to make a bid connected with Nokia, it could be for its share in the Nokia Siemens Networks (NSN) venture, not the handset division. The Finns are reportedly looking to spin it off anyway, although CEO J.K.Shin already said they haven't considered an NSN buyout. Again, it's all rumor and speculation without a source named. Eldar Murtazin already sold Nokia's handset division to Microsoft for $19 billion not long ago, and later he claimed the Finns were asking $25 billion, while CEO Stephen Elop called the rumor "baseless".

Who knows, there might be something brewing around Nokia, after all, and these rumors could all be part of a deflection plan, said the conspiracy theorist. The haste with which Nokia's move to WP7 was announced a year before it will actually produce anything of substance, and the profit warning that crashed the stock price even further are all in his favor.

source: MarketWatch

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posted on 08 Jun 2011, 13:46 5

1. SuperAndroidEvo (Posts: 3880; Member since: 15 Apr 2011)


Wow if Samsung buys Nokia then Apple will not be able to withstand that. Samsung wants to dominate the mobile industry & heck the world. lol This is something to keep an eye on!

posted on 08 Jun 2011, 20:08 2

8. daniel_bargs (Posts: 323; Member since: 27 Nov 2010)


if that happens, someone will file a lawsuit regarding monopolistic acts. You know who, apple. hahah

posted on 08 Jun 2011, 14:18

2. protozeloz (Posts: 5372; Member since: 16 Sep 2010)


samsung buying nokia could lead to a lot of changes on how the market will go though

posted on 08 Jun 2011, 14:27 4

3. snowgator (Posts: 3199; Member since: 19 Jan 2011)


I guess I should give some thought to the "if there is smoke, there is fire" logic, but I just do not see why everyone thinks Nokia would sell it's profitable handset division. At it's worse this year it will still most likely be the top selling cell phone in the world. I just do not get it. They have the money to restructure and to get the Windows/Nokia line of devices going. I just can't see the advantage.

posted on 08 Jun 2011, 14:44 3

4. bluechrism (unregistered)


I agree. I think it's almost seen as fun to start nokia rumours right now, but I don't think that despite nokia's present slide down, nokia has any reason to think about selling right now. I expect big things from nokia in Q4 for WP7, Symbian and MeeGo and if they deliver 2011 could be seen as a blip.

posted on 08 Jun 2011, 14:45 3

5. SuperAndroidEvo (Posts: 3880; Member since: 15 Apr 2011)


I agree how would this benefit Nokia? You're right I can't see the advantage either!

posted on 08 Jun 2011, 15:59

6. Mat4Maemo (unregistered)


What?!? Where those rumors come from!? Why not Tesco buys out Nokia or Howard Stern with exclussive cooperation of Gerry Springer buys out Nokia, and than making himself a CEO ;)

posted on 09 Jun 2011, 09:28

11. Droid_X_Doug (Posts: 5617; Member since: 22 Dec 2010)


I doubt that Sammy as much exposure to WP7 as Nokia has queued up.

posted on 09 Jun 2011, 09:29

12. Droid_X_Doug (Posts: 5617; Member since: 22 Dec 2010)


Correction... Sammy wants as much exposure...

posted on 09 Jun 2011, 10:23

13. ATTCallCenter (unregistered)


If it's on the internet it must be true!

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