Software and all-round tech giant Microsoft is to enter talks with Finnish phone manufacturer Nokia with the intention of buying out the former handset great in the early part of 2012, new reports have suggested.
Reigniting speculation that first came about when the two tech giants joined forces to produce a series of Nokia branded Windows Phone 7 handsets; a move that kicked off earlier in the year with the arrival of the Nokia Lumia 800, the proposed buyout has been flatly refuted by the companies involved.
"We put these rumours to rest a long time ago," said Nokia head Doug Dawson in an attempt to quell the remerging speculation of an imminent takeover bid from the Windows and Xbox creator.
Microsoft’s Nokia Takeover Rumours
The former dominant force of the mobile world, Nokia has failed to fully utilise the potential of the emerging and now blossoming smartphone market in recent years with a February announcement revealing the Finnish company was to part ways with its flailing Symbian OS in favour of producing devices to sport Microsoft’s own Windows Phone 7 innards.
Previous reports have seen mobile industry blogger, and the man behind breaking the Nokia Phone 7 merger months ahead of its announcement, Eldar Murtazin declare Microsoft is to buy out the mobile arm of Nokia as the Redmond-based company looks to expand its presence in the mobile market.
Whilst such claims remain pure speculation Microsoft has recently shown that money is not an issue when acquiring companies it is after spending $8.5 billion on Skype following an attempted $44 billion buyout of Yahoo.
Is Nokia on its last legs and in need of revival or simply working on a masterful comeback? Share your thoughts on the former phone giant via the comments box below.