Samsung on buying Nokia: "not true"

Samsung on buying Nokia:
A couple of days ago, rumors surfaced about Android’s biggest phone vendor Samsung buying out the troubled Nokia, but turns out they were exactly that - rumors. Now, Samsung has sounded off with a resounding “no.” 

The company said reports about it acquiring Nokia are “purely speculative” and “not true,” according to Reuters which got the comment directly from Samsung.

That unsubstantiated rumor alone was able to lift Nokia shares up 6% on Friday, and now the shares have slided back 2%.

Interestingly, it was exactly this time last year when we heard about an acquisition of Nokia by Samsung. Again, there was no reliable source quoted, so history seems to be repeating itself.

Apart from obviously being much more profitable recently, Samsung also surpassed Nokia as the biggest smartphone maker last year and recently the Koreans also started outselling Nokia in overall phone sales terms.

source: Reuters

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15 Comments

1. som

Posts: 768; Member since: Nov 10, 2009

Samsung wanted to put more money in R&D and new plants not wasted money on buying another phone company search as RIM and Nokia.

2. nokia_fan_172

Posts: 11; Member since: Mar 09, 2010

oh praise the lord!!!!

3. slaggyb

Posts: 218; Member since: Oct 19, 2011

I don't know were phonearena gets all this rumours and post them out here for readers....last time they also posted samsung was buying out RIM now is NOKIA whenever a company is having issues it will turnout that samsung wants to buy them....

4. thelegend6657 unregistered

Why would Samsung do that ? They make most of their parts in house so why is there a need to buy Nokia ?

5. tward291

Posts: 559; Member since: Feb 14, 2012

they claimed it was for there patents. but once again microsoft would not let its biggest hardware provider for there mobile os go.

6. jackhammeR

Posts: 1548; Member since: Oct 17, 2011

Nokia is more technologically advanced than Samsung...and samsung wouldn't dare get into argument with MS.

10. SleepingOz unregistered

How exactly is nokia more "technologically advanced"?

12. DigitalBoy05

Posts: 275; Member since: Jun 04, 2011

it would have been awesome payback to MS though since samsung pays X amount of dollars per android phone sold to MS for a licensing agreement. something to do with a patent MS owns dont remember the exact details.

7. akita256

Posts: 98; Member since: Jan 26, 2012

"Slided" back - ???

8. Anthony_Gonzalves

Posts: 46; Member since: May 11, 2012

its better that sammy stays away from nokia, otherwise it would be hard seeing nokia 900 running touchwiz.

9. -box-

Posts: 3991; Member since: Jan 04, 2012

Better to keep big companies like that separate anyway. Competition breeds innovation, cooperation tends to bring committee designed flops

11. muhsen

Posts: 281; Member since: Jun 07, 2012

i don't know what's wrong with phone arena with nokia. but one thing for sure is that they don't like nokia that much the drop in nokia's share was momentary and has nothing to do with the rumors, it's now the same as during the rumor, phonearena , please be accurate about ur information and don't relate irrelevant things to ur articles, u r really losing ur credibility http://www.google.com/finance?cid=657729 if the drop in shares is related to the the rumors ,logically it would keep sliding down not up again to the same level

13. lubba

Posts: 1313; Member since: Jan 17, 2011

Alot of asshole exist in this world. If they can't talk s**t about somebody or something, they just don't feel good about themselves.

14. tward291

Posts: 559; Member since: Feb 14, 2012

http://www.wpcentral.com/report-microsoft-decided-against-buying-nokia-now that was the story but phonearena will be late or wont report this ms does have plans to buy nokia when that price goes down.

15. cepcamba

Posts: 717; Member since: Feb 27, 2012

I'm a believer that the rumor was actually from Nokia, or at least from a party that wants to ímprove on Nokia's shares.

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