Will Microsoft buy struggling Nokia?

There are speculations that Microsoft may buy Finnish telecom giant, Nokia which is going through a very rough time.

According to the weekly Helsinki Times the Nokia stocks were now below book value, a situation described as “worth more dead than alive” rhetorically.

Once the most valuable companies in Europe, the mobile telecom equipment firm has seen its share prices fall to 2.20 euros in recent days the lowest since the mid 1990s.

“The investment community is fertile ground for rumours, and there are plenty about what could happen to Nokia. One of the most persistent rumours is that Microsoft may buy the company,” the weekly said.

“The alliance with Microsoft is a powerful one. Maybe Apple and Google have already won the mobile phone business, and everyone else is doomed,” it said in a report, quoting The Wall street Journal.

“But that’s what they once said about Nokia. Things change in this industry. Microsoft, which is desperate to play catch-up in smartphones, could buy Nokia today out of petty cash.”

Microsoft has about 46 billion euros in cash equivalent, while Nokia’s market value is 8.4 billion euros, the weekly said, adding there was no speculation on any other buyer for Nokia, ruling out Apple, Samsung or RIM.

Prateek Panda

Prateek is the Founder of TheTechPanda. He's passionate about technology startups and entrepreneurship and enjoys speaking to new founders every day. Prateek has also been consistently regarded as one of the top marketing experts in the region.

Recent Posts

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

3 days ago

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

3 days ago

AI Launches: Fintech, SaaS, customer service, EdTech, hospitality, cleantech, consulting, graphics & skilling

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

4 days ago

India’s Nari Shakti moment: Women’s workforce participation doubles as industry backs return-to-work initiatives

India is witnessing a historic surge in women’s participation in the workforce. According to Ministry…

4 days ago

Once more with feeling: An ambitious bid to build a digital Disneyland for fans

This entrepreneur, who entered the startup ecosystem when he was only thirteen years old, wants…

2 weeks ago