"Nokia turned down takeover by Microsoft" - Computer Sweden

According to a report from the Wall Street Journal, Microsoft and Nokia recently talks about a possible takeover of Nokia mobile phone business. The information on the talks, which should have taken place earlier this month in London, based on sources familiar with the situation.

Class=”paragraphIntro”> The two companies will according to the Wall Street Journal have been near a verbal agreement, but Nokia pulled out of negotiations at the last moment. The reason for Nokia’s decision is based reportedly on the price tag and Nokia’s declining market share.

– We have closely with Microsoft and it is not uncommon for us to meet with Periodically, says a spokeswoman for Nokia to the Wall Street Journal. Microsoft has not commented on the information.

It is unknown how much Microsoft offered Nokia, but Nokia’s market cap is now over $ 14 billion, equivalent to over 90 billion . Its turnover last year ended at 40.15 billion dollars, about 259 billion.

According to analysts, would a takeover benefit both companies.

– This is a deal I thought about ever since Microsoft and Nokia began working together. It is a perfect time for Microsoft to expand into new areas, and a takeover of Nokia would allow just that, said analyst Jeff Kagan.

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