Is Microsoft Slowly Swallowing Nokia? Buys Nokia’s Phone Business Now [RUMOR]

Must Read

I am not sure how to address this situation as there are many ideas fighting each others to justify their ‘real’ sense. It has not been much time when Microsoft and Nokia packed themselves together through a controversial and criticized marriage. Now reports are claiming that Microsoft has stroked another deal to acquire Nokia’s mobile phone business for $19 billion.

Nokia’s business model is divided into three categories – Mobile Phones, Smart Devices and Markets. The overall company valuation is approximate $38 billion. If Microsoft manages to gain control over Nokia’s Mobile phone division “legally”, company will have the significant contribution in all future directives of Nokia.

However, it will only come as “biggest blow” for Nokia and possibility for Nokia’s current CEO Stephen Elop who was much criticized by many board members of Nokia for putting their bet on Windows mobile platform for all Nokia’s Smartphones in future. And, if the new development ever comes to an existence, fingers will be raised straight to him with a big question mark on his loyalty towards Nokia. Reason, Stephen was ex-Microsoft top executive who was heading company’s Office Business!

Both the companies has denied to comment on such rumors and we can only wait to listen directly from the horse’s mouth when Stephen Elop will hit the speaker floor in D9 event on Wednesday afternoon.

Update: Microsoft CEP Stephen Elop has just responded to acquisition rumors and denied any possibilities of Microsoft overtaking Nokia’s mobile business. Elop says “We have a great plan for our future, and we’re focused on executing that plan,” Elop told Bloomberg in an interview. “The rumors are all over the place. There’s no basis for them.” According to Bloomberg’s report, Elop claims not only that a deal hasn’t been reached, but that Nokia has never discussed a potential acquisition with Microsoft.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

The startup entrepreneur leveraged Facebook to become rich, but the war made him a billionaire

It's rare to see a young kid, who never got a chance to go to any popular school or...
- Advertisement -

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...
spot_img

More Articles Like This