Samsung Deny Nokia Takeover Bid

Samsung have told Reuters that they have no plans to purchase Nokia. Recent speculation has linked Samsung with a takeover bid for the Finnish phone manufacturer, but Samsung today stated that “such reports are purely speculative and are not true.”
Nokia is far from the success story it once was, and many tech pundits believe that the manufacturer’s pairing with the Windows Mobile platform is their last shot at getting it right. Once regularly producing the must-have devices for the UK and Europe, Nokia have struggled to maintain the popularity they saw during the pre-smartphone era.
Interestingly, the speculation saw Nokia’s share price rise by 6%, but with the merger dismissed by Samsung, it has since begun reducing back down.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s