Microsoft Nearly Bought Nokia - WSJ

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Technology pundits have long speculated that, one day, Microsoft would buy its way into manufacturing of its own mobile phones. Apparently that day came a lot closer to fruition than people had thought.

According to The Wall Street Journal, Microsoft was in "advanced talks" to acquire Finnish smartphone manufacturer Nokia before talks recently broke down. Nokia, which has a market valuation of $14 billion, would be a fairly easy pill for the cash-loaded Microsoft to swallow. WSJ reports that Microsoft could have used some of its $66 billion in offshore accounts to acquire Nokia before talks stalled.

Nokia has had an exclusive partnership with Microsoft to use the software giant's Windows Phone operating system since February 2011. Nokia produces a series of smartphones uses Microsoft's mobile operating system dubbed "Lumia" with the most recent releases occurring this spring with the Nokia Lumia 925 and Lumia 928.

 

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