Microsoft to acquire Nokia in multi billion dollar buyout?

Following the recent Nokia Lumia 800 release, rumours and reports of a mooted buyout of Nokia by Microsoft have once again have sparked

 

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.

Via:TechRadar

 

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now