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.
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....
posted on Jun 11, 2012, 6:35 AM 8
Why would Samsung do that ? They make most of their parts in house so why is there a need to buy Nokia ?
posted on Jun 11, 2012, 6:54 AM 5
Posts: 1548; Member since: Oct 17, 2011
Nokia is more technologically advanced than Samsung...and samsung wouldn't dare get into argument with MS.
posted on Jun 11, 2012, 7:05 AM 10
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.
posted on Jun 11, 2012, 12:27 PM 1
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?
if the drop in shares is related to the the rumors ,logically it would keep sliding down not up again to the same level
posted on Jun 11, 2012, 8:11 AM 6
Posts: 559; Member since: Feb 14, 2012
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.
posted on Jun 11, 2012, 4:41 PM 0
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